Financed life insurance for clients conventional programs leave out.

Specifics & features

• Face amounts of $500,000 to $4,000,000 (subject to carrier retention and reinsurance limits); preferred amounts $1M, $1.5M, $2M, $2.5M, $3M, $3.5M and $4M
• Minimum annual funded premium of $50,000, based on a ten-pay, non-MEC premium solve
• Minimum insured income of $150,000, supported by the last two years of tax returns (may be higher by carrier)
• Minimum business revenue of $750,000 for 2 consecutive years (some carrier exceptions)
• Loans to corporations, trusts and other entities
• Business participation through interest payments that begin immediately; the loan amortizes from year 2
• Lender's annual administrative fee of $1,800, accrued in the loan balance for the first 10 years
• Liquidity of 125% of cumulative premiums in the first 5 years, less the borrower's contributions over those years
• Interest rate spread of 1.85% over one-year CMT for a ten-year term, lockable for up to 20 years (requirements apply)
• One-time financial underwriting; no annual loan re-qualification; full-recourse loan
• No waiting for tranches — faster processing and policy funding
• Low case split commission of 20%

Please check with Northstar for life insurance company and product availability.