Insured Qualifications:

Between 69 and 85 years old

Minimum asset value of $2,000,000

In relatively good health

Uninsured/unsatisfied with his or her current insurance policy

Currently under-insured based on his or her asset value.

An Application filled out by the potential candidate

The application is sent to the underwriting departments of numerous insurance companies. The policy with the best coverage and optimal premiums is chosen.

Our program funds the premiums for the first two years, through a collateral specific loan, which is collateralized solely by the life insurance policy itself. The insured, his or her estate, or the charity of his or her choice will not incur any costs in the program nor liability for the loan.

After two years, the Insured can either:

Purchase the policy by paying off the collateral specific loan plus accrued interest, or

Allow OFG to sell the policy in the Life Settlement Market and receive the net proceeds of the sale.