The recipient is a private, a trust, an organization, a liability company, or alternative specialized vehicle (although some lenders could lend to associate entity only), however this strategy is suitable for high-net-worth people solely (typically, $5 million or more). Usually, the insured is age sixty five or older, and also the insured must:
1. Need an outsized quantity of insurance (e.g., six or seven figure annual premium)
2. Meet the policy underwriting needs
3. Meet the lender's needs (e.g., minimum size loan, minimum collateral, and minimum web worth)
4. Be ready to pay annual interest and prices (in the case of a non-capitalized loan)
5. Be aware of and cozy with the risks
