What We Do
Get a Cash Advance on Your Life Insurance Policy
If you’re diagnosed with a chronic or terminal illness, working may no longer be an option to support yourself financially. A cash advance on your life insurance policy can help ease the financial burden associated with end-of-life care.
Step 1
Diagnosis of chronic or terminal illness.
Step 2
Qualify for a life insurance policy cash advance.
Step 3
Receive immediate lump-sum cash payment.
Step 4
Spend your tax-free money however you like.
Frequently Asked Questions
We know you have questions, and we want to make this as easy as possible for you. If you don't find your answers here, please fill out the form above so we can get in contact with you.
01. Am I taking out a loan against my life insurance policy?
Yes. However, unlike most loans, it requires no out-of-pocket application fees, credit checks, income verification or job history requirements. You also won’t have to repay any of the loan balance during your lifetime.
02. Will there be money left over for my children or designated beneficiaries after I’m gone?
In most cases, yes. Your policy’s death benefit typically covers all management fees, interest, and the lump-sum cash advance you receive. Any remaining funds go directly to your life insurance policy’s designated beneficiaries.
03. Will I owe income taxes on this one-time cash advance if I qualify?
Generally, no. However, there may be rare exceptions, so be sure to consult your tax accountant or estate planning advisor.
04. What types of life insurance policies are eligible?
Any term, individual, or permanent life insurance policy with a face value of at least $125,000, or, a group life insurance policy with a value of at least $200,000 may qualify.
05. Can I still qualify if I’m unemployed or have bad credit?
Yes! The lender will not review your credit rating, income, or employment status when you apply. None of those things can disqualify you from receiving a cash advance, and you don’t need to provide any collateral.
06. Are there any rules or limits on how I use the money from my cash advance?
No, you can spend the money however you like without any restrictions.
Live Your Best Life
We want to alleviate your financial worries by giving you access to part of your life insurance benefit now and leaving money for your loved ones later.
