What is a LILOC | LILOC Details | Advantages | Eligibility | The Process | Fine Print | Summary

Our Fifth Season LILOC Defined  


           What is a LILOC?  In simple terms, it’s our own unique Life Insurance Line Of Credit.  A secured financial transaction that makes it possible for us to advance you funds against your qualifying life insurance policy proceeds — up to 75% of the policy’s face value.
           
           Your secured Fifth Season LILOC transaction generally is non-taxable, and no payments of principal or interest are required by you or by any of your family members.
           
           All amounts advanced on your behalf (including principal, interest, origination fee, life insurance premiums, and other ancillary fees) are fully repaid at the time the policy matures.  And all unused funds above and beyond repayment of your LILOC are returned to your family or beneficiary.

           In broader terms, a Fifth Season LILOC means that you and other families who are experiencing the physical, emotional, and financial challenges of living with cancer now have an opportunity to reclaim a portion of the personal control that cancer threatens to remove from your lives.  A financial option that enables you to feel less vulnerable — and more optimistic.

 

Bert Byerley — Fifth Season Chief Financial Officer
Funding The Fight Of Your Life is the core of our corporate mission at Fifth Season, but it means something different to every customer we serve.  For some it means funding their medical treatments.  For others it means funding their hopes and dreams.  No two families living with cancer are identical — and neither are their financial needs.     .

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