Peninsula Lending Group, LLC
Peninsula Lending Group is a licensed life insurance general agency which works with leading aggregators to structure financing solutions to meet the needs of a wide variety of insured clients. Premium finance programs allow senior insureds to obtain life insurance policies without impacting their liquidity. This allows optimizing retirement income and minimizing personal risk. PLG’s premium finance programs give clients the ability to retain existing life insurance coverage or finance the purchase of a new policy.
Aggregators are able to upload sensitive insured and policy owner materials through Peninsula’s proprietary LifeDataPort providing secure data transfer allowing borrowers to know their confidentiality and privacy are ensured. Peninsula Lending Group will refinance a variety of policy assets. Policies must be universal life policies with face values between $2,000,000 and $10,000,000. Peninsula requires two life expectancy reports produced by independent medical underwriters. No single life expectancy can be greater than 180 months, and the average difference between two licensed life expectancy underwriters cannot exceed 35%. In partnership with Life Policy Dynamics, PLG determines collateral value of the life policy assets by calculating the future value of the policy asset at end of loan term, followed by a loan model.
At the end of loan term, Peninsula Lending Group, works with the insured and helps to identify loan exit strategies. This includes, but is not limited to, repayment of the loan, loan extension, or the resale of the policy on the secondary life insurance market.