FAQ

What is required to qualify for an Esprit Line of Credit?
Your Esprit Line is secured by the cash value of your whole life or permanent life insurance policy. The main criteria required to qualify is a life insurance policy with a cash value of $50,000 or more.

How soon can I access my Esprit Line funds?
Once your application is completed and approved, you will be able to access your Esprit Line funds by writing a check or using a debit card. This entire process takes less than seven business days under most circumstances.

What fees are associated with an Esprit Line?
Esprit has a very low servicing fee of $150 per year. The servicing fee will be charged to a credit card of your choice once your application is approved.

What will my interest rate be?
Esprit offers very competitive, variable interest rates. Esprit Line interest rates typically are well below those offered by insurance companies. Your interest rate may vary depending on the state you live in. Also, any interest you pay on your Esprit Line may be tax deductible. Consult your tax advisor for more information.

Is there a prepayment penalty?
No. There is no prepayment penalty on an Esprit line of credit.

Will I continue to earn policy dividends?
Yes! You will continue to earn policy dividends regularly as scheduled.

What happens to my death benefit?
Your death benefit will remain secure. If you have an outstanding balance on your Esprit Line when you die, your policy will first pay off the line and the remaining funds will be distributed to your beneficiaries as you directed.

What if I don’t currently have a whole life insurance policy?
Esprit works exclusively with the most accomplished, licensed insurance agents across the United States. We are happy to refer you to an agency that fits your needs.

How do I apply for an Esprit Line?
The application process is very simple. To get started, or to learn more about how Esprit can help you live liquid, contact us at anytime.

The application process is simple.
Contact us to speak with an Esprit agent who is standing by to assist you.

Subject to credit approval. Minimum line of credit $50,000. Servicing fee of $150 per year. Additional terms and restrictions may apply. *Consult your tax advisor.

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Esprit Enterprises is a leading digital financial services company connecting whole life and permanent life insurance policy holders with the most accomplished, credible and licensed insurance agents and financial institutions in the United States. All Esprit loan products are subject to credit and bank approval. Additional terms and conditions may apply. Programs, rates and terms and conditions are subject to change at any time without notice. Minimum line of credit $50,000. Servicing fee of $150 per year. *Consult your tax advisor.