[WhoisKingsley]

The payments would be only interest monthly, and you can take however much you want just like a line of credit- payback when you can... And the average interest rate is 4.25%.

The commission schedule on this type of program fluctuates depending on the interest rate. I have one merchant that's going to the whole process now once it's done and over with I will post my results

[Miller192]

The payments would be only interest monthly, and you can take however much you want just like a line of credit- payback when you can... And the average interest rate is 4.25%.

The commission schedule on this type of program fluctuates depending on the interest rate. I have one merchant that's going to the whole process now once it's done and over with I will post my results

Sounds good.

To clarify, I meant most insurance companies allow a client to borrow against their cash value. They either can reduce the death benefit or pay it back on a payment schedule.

Is this essentially the same thing? What is the lender's collateral?