Step 1: Qualified client applies for a policy with a US-based insurance carrier.
Step 2: Policy is submitted for approval, based on medical and financial underwriting
Step 3: While the policy is being approved, the client will apply for the loan which will fund the policy. The lending institution will typically credit 90% of the cash surrender value as collateral. The client will be responsible for covering any remaining short fall. 
Step 4: Client services the debt, generally paying only the interest for a fixed time period (5-10 years).

Step 5:

Depending on the age of the client we may recommend the repayment of the loan in a period of 5-10 years. For clients 65 or older the repayment of the loan will happen after they're dead. This can be achieved as follows:

  1. By using the funds generated by investing the savings created by implementing the Premium Financing structure.
  2. By repaying the loan from the policy account value. This happens when the client chooses to overfund the policy by the maximum amount allowed by law.
  3. A combination of the above two.