Loan Rescue – 1035 Opportunities

Inforce policy with existing policy loans and can be speeding towards lapsing without the clients’ knowledge.

Need for policy reviews on outstanding loans is very important and can provide new sales opportunities.

IMS can explore options for any of your inforce policies at no charge.

Life Insurance Loan Refinancing

Reduce Interest Accrual
Avoid Taxes
Save client from additional Premiums
New, fully commissionable sales opportunity

Contact IMS Associates to Learn More

Illustrative Scenario:

A 65 year old insured with a current Death Benefit of $1.1M, with $458,167 in Account Value w/ $125,612 Outstanding Loan at 8.0. At the current rates policy projected to lapse in nearly 17 years

Possible Solution:

Client 1035s entire Account Value including the Loan into new $1.1M policy
Locks in new loan terms at 2.50%
Repays the loan from policy cash values in year 2
Policy projected to run over 10 years longer – with no further premium
Client avoids taxes, does not spend any additional money out of pocket and increase the length of the coverage well beyond life expectancy

About IMS Associates

Founded in 1985, IMS Associates has long served the insurance advisor and financial planning community with best in class insurance planning. Now operating in all 50 states nationwide and contracted with over 40 insurance carriers IMS has made a name for itself as leader in the brokerage community.

IMS Associates works hard to cultivate relationships with our advisors and agencies that feel like part of the family. IMS takes pride in the relationships we’ve built over the years and we strive to find creative, meaningful, and long lasting solutions for our partners.