Jason wants to take out a whole life insurance policy to ensure their beneficiaries are protected, should the unexpected happen—however, the required premium payment is significant. He’s hesitant to tie up funds in a life insurance policy, as opposed to allocating them among more lucrative opportunities.
You help Jason purchase a life insurance policy to protect their loved ones. After the premium is paid (and the policy is in place), you help them acquire an Equitable Bank Immediate Financing Arrangement. Equitable Bank lends back 100% of the premium amount to Jason, allowing them to obtain the life insurance coverage they want, while maintaining the same amount of liquidity.