Get the Collateral You Need To Close on Your Business Loan Fast with QuickClose

1
Get the Collateral You Need To Close on Your
Business Loan Fast with QuickClose?

• The information contained in this presentation is
  being provided with the understanding that it is
  not intended to be interpreted as specific legal
  or tax advice. Individuals are encouraged to
  seek the guidance of their own personal legal or
  tax counsel.

2
QuickClose?

• Whatever you need to make your business succeed,
  a loan from your lender may help you do it.
• If your lender requires life insurance as
  collateral, you wont want to wait weeks for the
  policy you need to receive your loan.
• QuickClose? is a program developed to expedite
  the application process and approval time of a
  life insurance policy used to secure a business
  loan.
• Working with you and your lender, we can help you
  select an insurance policy that will not only met
  your borrowing terms, but protect you and your
  business as well.

3
How QuickClose? Works

• You or your business own the life insurance
  policy, choose your beneficiary, and make the
  policy premium payments
• While your loan is in effect, your lender retains
  a Collateral Assignment of the policy. This
  means if you die while the loan is in effect,
  your lender has the right to claim a portion of
  the policy proceeds equal to your outstanding
  loan balance
• If your life insurance policy proceeds are not
  paid out during the term of your loan, the
  Collateral Assignment from your lender ends when
  youve paid off your loan
• Your policy remains in effect as long as you
  continue to make the premium payments

4
Many Product Choices and Coverage Amounts

• Choose from insurance products offered in your
  state
• Whole life, Variable Life, Universal Life, or
  Term can be used
• Coverage up to 10,000,000
• We can help explain the benefits of each type and
  will help you select the appropriate policy and
  amount of coverage

5
No Delay

• Your insurance application is processed
  quickly-usually within 7 to 10 business days.
  When life insurance is required as collateral for
  your business loan, all you or your lender need
  to do is call
• Ricke Associates
• 425 Bank Street
• New Albany, IN 47150
• Phone [phone]
• Fax [phone]
• www.ricke.com
• QuickClose? is not a guarantee issue program.
  Your application will be fully underwritten and
  coverage may be declined.
• The average timeframe for QuickClose? cases
  continues to be 9 business days. Through the
  QuickClose? program, we may be able to accelerate
  the insurance underwriting process to help you
  issue a loan faster. Call us for more
  information.