Common Questions
In the event you are declined a living benefit and or accelerated death benefit from your life insurance provider doesn't mean you can't have financial relief.
Our qualified lenders
Our qualified lenders lend against the value of an insurance policy and its future premiums. Just like a reverse-mortgage expect in this case, the house is now the life policy. You always retain ownership - nothing changes - your beneficiaries stay the same, too.
Is this legal?
Yes, it is completely legal subject to certain provincial restrictions. You are simply releasing an amount of funds already in your Life Insurance Policy and using it as a loan.
How much can I receive?
The amount depends on the face amount of the Life Insurance Policy, and future premiums.
When do I have to pay the loan back?
The amount you owe plus interest will be will be repaid from the proceeds of your Life Insurance Policy at time of maturity.
What about my beneficiaries?
Your policy always stays intact. Your beneficiaries will receive the NET proceeds from your policy as you had planned.
what if my beneficiaries is a charity?
If your policy beneficiaries, is a charity nothing will change. The NET proceeds from your policy will be directed as you planned.