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Life Credit Company has announced a new upgrade to their popular Life Insurance, Living Benefit Loan.
Living Benefit Loan has multiple new features designed to make life easier for Cancer Patients including:
Borrowing money secured solely by life insurance policy – Borrower is never required to make loan payments or incur any out-of-pocket expenses. The loan is repaid by the life insurance policy’s death benefit and the remaining proceeds go to the family of the deceased.
Applicants family remains protected – Upon the passing of the borrower, the loan is repaid and the remaining death benefits passes to the borrower’s family.
Money savings to the borrower – All future policy premiums are paid for by the lender.
A full list of changes to Living Benefit Loan can be found on the company website, http://lifecreditcompany.com.
The changes in this lending program were bought about due to this largely underserved need in the lending space. As part of an ongoing effort to improve the user experience for cancer patients battling with financial challenges, customers can expect regular updates both now and in the future.
Daniel Miller, CEO, had this to say:
In many instances when people think about life insurance, the prevailing thought is a payout for the family once someone dies. Life Credit Company has worked very hard to change that perception with the living benefit loan product. One trend seemed to dominate all others which was an overwhelming need in the marketplace for individuals battling cancer and battling financial burdens that degrade quality of life even further. In order to address this, a program was initiated specifically for this need. The lending process is streamlined and borrowers are able to access the funds easily and quickly. Cancer patients now have a viable option for funds when it’s need the most and can live out dignified lives with peace of mind.
Current customers interested in learning more about the upgrade can do so directly on the website at http://lifecreditcompany.com. New customers can also use the site to learn more about the newest features of the Living Benefit Loan for Cancer Patients.
Release ID: 78656