Hoopis Funding specializes in providing a more efficient alternative to policy loans for insurance policyholders with existing or potential policy loans. Policy loan interest rates can cause unnecessary drag on what is otherwise one of the highest performing assets currently available. Through our banking relationships, we are able to broker a private loan that mimics the most important qualities of a policy loan at rates which allow the policy to perform better, even in this reduced dividend rate environment. In addition to lower interest rates, there are several other benefits to working with us: - Based on the use of insurance as collateral, our banks require simplified underwriting, which makes acquiring a private loan almost as simple as obtaining a policy loan with the insurer. - Slowing the growth of a policy loan now might prevent the need to restart the payment of premiums in order to prevent a surrender of the policy in the future. - There are no upfront fees or processing fees to enter into this loan, and no prepayment penalties should this type of loan no longer be necessary. This solution has been vetted by several estate and business planning attorneys for cases that include trust-owned and business-owned insurance. If done properly, estate plans are not affected for tax purposes. In business cases, the reduced interest rate could be tax-deductible to the business-owner or corporation.