Carriers

Cool Springs Life Equity Strategy will provide you with the exact insurance policy that fits your needs and circumstances. We work with some of the largest and most highly-rated life insurance companies in the United States to create policies that provide maximum benefits and integrate perfectly with our financing.

Terms of Financing

Currently financing can be for periods of one to five years at a time. The intent is to finance all premiums, interest and any other cost associated with a transaction until death or an earlier designated time. Typically some collateral is required in addition to the policy cash value in the form of cash, cash equivalents. However, it is normally a small percentage of the borrowings. 

High Cash Value Life Insurance

Cool Springs Life partners with the most reputable and respected life insurance carriers to offer you access to products that can provide extraordinary cash value accumulation. These products have historically exceeded the projected borrowing costs for this product.

Interest Rates

The loan interest rates are usually tied to the London Interbank Offered Rate (LIBOR), plus a small spread. As the client, you have the option to fix the interest rate for multiple years or you may allow it to fluctuate as LIBOR changes.

Interest Rate Caps are also available. A personalized loan illustration will be provided to ensure that you, and your advisors, completely understand the terms of the financing as well as the projected benefits prior to any purchase or commitment. If you are currently paying a higher loan rate than LIBOR plus 150 Basis Points for insurance financing you can enjoy significant savings with Cool Springs Life Equity Strategy over the life of your policy.

Estate Tax and Legal Gift Issues 

Both the insured and borrower must be represented by appropriate legal and tax advisors, who will be required to independently evaluate the suitability of the transaction in relation to your specific needs. Cool Springs Life will assist in coordinating with these advisors.

Cool Springs Client Profile

The Cool Springs client for this product has a substantial net worth with a high level of liquidity and a significant and legitimate need for life insurance. The minimum policy face amount we consider appropriate for the Cool Springs Life Equity Strategy is $10 million