Life Insurance Premium Finance

Maximize the benefit of your life insurance policy while minimizing your exposure to taxes and leaving your current investment strategy intact.

View Benefits

A creative approach with quick decisions.

At Byline, we take a creative, problem-solving approach to premium finance lending and tailor each loan to match unique individual needs. We strive to close approved loans fast, with term sheets provided shortly after receiving full loan package documentation.

Providing our clients with prompt, professional service and an efficient process is at the heart of our customer service culture.

Why Byline Bank?

Byline is a life insurance premium finance lender located in Chicago, IL with a nationwide footprint. Our premium finance loans enable affluent clients to acquire the insurance benefits they need without impacting other capital assets.

Features

Payments: Interest Only
Rate: Competitively priced floating rate with fixed rate and cap rates available
Prepayment Penalty: None
Renewals: Quick and simple
Footprint: Nationwide
Collateral: Cash Surrender Value, additional collateral if needed

Details

New Policies
In-Force Policies
Refinancing other lender loans
Minimum Net Worth of $5 million
Minimum Annual Premium of $200,000

Advantages

Cost-effective process to obtain life insurance coverage with reduced out of pocket costs, in most cases
Keep money in high-returning asset classes
Minimize gift and estate taxes
Potential to increase overall estate internal rate of return
Accumulates an additional asset class with cash surrender value

Contact me today to learn more.

Ryan Bird

(630) 348-2185Senior Vice PresidentSr. Commercial Relationship Officer

About Byline Bank

Byline Bank is a full-service commercial bank with approximately $9.4 billion in assets, serving small businesses, mid-market companies, and consumers.

Operating over 40 branch locations throughout the Chicago and Milwaukee metro areas, Byline’s been a community partner in its neighborhoods for over 100 years.

In addition to being a Top SBA lender in the nation, Byline offers a competitive range of commercial lending products backed by experts with decades of experience in the industry.

About Us