Borrower can use the death benefit of life insurance policies to borrow policy reverse mortgage loans to receive lump-sum payout and/or a stream of monthly payouts – while no repayment during lifetime!
Flexible Payment Term
Stable monthly payouts for either a fixed period of 5, 10, 15 or 20 years or throughout entire life and/or lump-sum payout – for specific purposes.
Two options of interest rate plan
Borrowers can choose a floating rate or fixed rate plan to meet their financial needs.
No Repayment during lifetime^
The borrowers do not need to repay the policy reverse mortgage loan during their lifetime.
No penalty for early full repayment
Fully repay the outstanding loan amount and redeem the life insurance policy at any time and there is no penalty for such full repayment.
Six-month cooling-off period
Terminate the policy reverse mortgage loan within the first 6 months, refund and waiver of all mortgage insurance premium given repay in full the outstanding loan amount.
Remark
To borrow or not to borrow? Borrow only if you can repay!
