West Broad Capital

Services.

As an intermediary and consultant, we negotiate and structure premium finance loans and other capital solutions for our clients.

But we go beyond simply introducing capital and then stepping away. We seek to drive value to an underserved market by actively managing the solutions we help put in place.

We design financing solutions which allow high-net-worth individuals, companies, and other organizations to acquire large amounts of life insurance in a cost-efficient manner.

Core services:

- Insurance product design

- Premium finance loan design, structuring and modeling

- Capital facility structuring

- Loan maintenance and servicing

Clients served:

- Financial services professionals, including brokers, external asset managers, advisors, CPAs, and attorneys

- Capital providers, including local and regional banks, private banks, and asset managers

- Domestic and offshore insurance carriers

Premium finance loan parameters:

- We can arrange financing for Whole Life, Universal Life, and Indexed Universal Life insurance contracts

- In many situations, the insurance policy will be owned by an Irrevocable Life Insurance Trust ("ILIT"), an LLC, or an offshore PIC, and this entity will typically be the borrower as well

- Minimum annual premiums should be at least $100 thousand

- Insurance policies should usually be "short-paid" over a 1-10 year period

- The cash surrender value of the policy being financed is assigned to the Lender as collateral for the loan

- Most insurance carriers restrict the use of premium finance to those under age 70

- Our programs can also be used in a corporate setting and to refinance existing policy loans on personally-owned insurance policies

Traditional premium finance is the use of a lender's capital to pay for life insurance premiums.

Typical candidates for premium finance include those who:

- Have a net worth in excess of $5 million

- Are asset-rich and "cash poor"

- Need insurance to help descendants pay estate taxes

- Need insurance to fund a buy-sell or key person agreement

- Need more insurance but don't want to consume income generating assets to pay for the premiums

- Have outstanding policy loans on their policies and wish to refinance them at a lower interest rate

- Already own life insurance and wish to leverage its cash value to obtain additional insurance

- Need to convert their term insurance coverage to permanent life insurance but don't wish to pay the high premiums