Last updated: January 1, 2024
Welcome to Life Credit website. By accessing or using this website ("Site"), you agree to be bound by these Terms of Use ("Terms"). Please read them carefully. If you do not agree with these Terms, please do not use this Site.
These Terms constitute a legally binding agreement between you and Life Credit Company, LLC ("Life Credit," "we," "us," or "our"). By using this Site, you represent that you are at least 18 years of age and have the legal capacity to enter into this agreement.
Life Credit is a California licensed consumer lender (License #601K051) that provides Living Benefit Loans to qualifying individuals with serious medical conditions who own life insurance policies. This Site is directed at, and made available to, persons in the continental U.S., Alaska and Hawaii only.
Life Credit is a marketing company. It is not a life settlement provider or broker. Life Credit will refer qualified policies to a licensed entity.
The information on this Site is provided for general informational purposes only and does not constitute legal, financial, tax, or medical advice. Life Credit does not offer tax or legal advice. You should consult qualified professionals before making any financial decisions related to your life insurance policy or medical condition.
Maximum APR = 35.99%. Minimum repayment = 90 days, maximum repayment = 120 months. Your actual rate depends upon loan amount, loan term, and collateral, and will be agreed upon between you and the lender.
An example of total amount paid on a loan of $200,000 secured by a $400,000 life insurance policy for a term of 24 months at a rate of 18% would be equivalent to $295,188.80 over the 24 month life of the loan. This includes an origination fee equal to 3% of the life insurance policy's death benefit which serves as collateral.
Loans will be arranged or made pursuant to a California Finance Lenders Law License.
All content on this Site, including text, graphics, logos, images, and software, is the property of Life Credit Company, LLC or its content suppliers and is protected by applicable intellectual property laws. You may not reproduce, distribute, or create derivative works without our prior written permission.
You agree not to:
This Site may contain links to third-party websites for your convenience. Life Credit has no control over such sites and is not responsible for their content, privacy policies, or practices. Links do not constitute endorsement.
THIS SITE AND ITS CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. LIFE CREDIT DISCLAIMS ALL WARRANTIES, INCLUDING WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SITE WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
TO THE FULLEST EXTENT PERMITTED BY LAW, LIFE CREDIT COMPANY, LLC SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THIS SITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
You agree to indemnify, defend, and hold harmless Life Credit Company, LLC and its officers, directors, employees, and agents from any claims, liabilities, damages, costs, and expenses arising out of your use of the Site or violation of these Terms.
These Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict of law provisions. Any disputes arising under these Terms shall be subject to the exclusive jurisdiction of the state and federal courts located in San Diego County, California.
We reserve the right to modify these Terms at any time. Changes are effective immediately upon posting. Your continued use of the Site after any changes constitutes your acceptance of the new Terms.
For questions about these Terms of Use, please contact us at:
