I recently adopted a program in which a line of credit can be obtained from the persons cash life value of their whole life insurance. Yes, this isn't "new" but I have it accessible for you to offer. I already saved a merchant to pay off her advances. This is something I am TESTING for the same situation if the merchant has whole life insurance and wants to qualify

Our Cash Value Line of Credit is a simple way to access the value of your whole life insurance policy to help manage your cash liquidity needs.

No pre-payment penalty.

Funds are available to be used for personal or business needs.

Interest may be tax deductible (consult with your tax advisor).

Online access to account activity.

Multiple policies can be used as collateral for one line of credit.

Customers maintain the full dividend schedule of the policy and the benefits remain intact.

Simple application process with quick turnaround time.

Low Simple Interest Only Rates.

Lines available up to 95% of the cash value.

Minimal documentation is required.

Line of credit is openly available for as long as you would like.

24/7 Customer Service Center.