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Monday, September 9, 2019

What is the minimum and maximum amount for clients relative to SRP?



The minimum annual payment is only $50K.  For example, if were were to do a 5 pay scenario into a life insurance policy, the total loan would be $250,000 at $50,000 annual premium payments for 5 years.  There is no overall maximum.  Our lender allows for up to two times the client's net worth to be loaned assuming the client can afford the interest payment.  Maximums for each individual client typically comes into play when working with the life insurance carrier to justify a death benefit amount.

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