Who We Are
Synovus Life Finance (Synovus Life) is a nationwide leader in the life insurance premium finance lending sector.
As a wholly-owned division of Synovus Bank, we leverage the wisdom gained from 130 years of banking history, the strength of our financial and human capital, and the reputation as one of Forbes’ Best Banks in America towards crafting customized lending solutions to meet the life insurance premium financing needs of a diverse range of business and trust borrowers.
Expertise
Synovus Life brings over 25 years of experience to help you analyze, structure, and underwrite each life insurance premium financing loan.
Access and Efficiency
Synovus Life is, first and foremost, a part of the Synovus Bank family. Synovus Life leads the sector in rapid, no-hassle loan review and approval, with no requirements for annual re-underwriting.
Flexibility
Expertise, Access, and Efficiency combined lead to flexibility in the loan approval process. In almost every case, Synovus Life is able to structure a loan that meets the needs of even the most complex financing request.
Why Work With Us?
Expertise
Synovus Life has over 25 years of direct experience in life insurance lending and can meet most of the professional planning needs of business owners, medical professionals, and high-net-worth individuals.
Personal Guarantee
Loans to businesses typically do not require personal guarantees, relying instead on collateral within the policies and the business.
Loan Servicing Flexibility
Our loans offer the ability to make payments on a monthly basis, defer interest, or a hybrid approach to suit your needs.
Fees
Generally, no annual origination, maintenance, trust, or legal fees are required.
Fast Turnaround
In most circumstances, upon receipt of the completed loan underwriting form, we provide a rate offer in as little as 3 business days.
Long Term Partners
Loan terms are 10 years and loans in good standing may be renewed for an additional 10-year period with no additional underwriting.
No Annual Re-Underwriting
No requirement to send annual financials or tax returns for loans that are in good standing.
In-Force Lending/ Loan Rescue
We can refinance existing loans or provide financing for in-force policies.
Insurance Carriers
We work with all top-rated life insurance carriers, which makes funding premium financing needs easy and painless.
Low Initial Loan Size
Loan sizes can range from a minimum initial premium of $300,000 in first-year funding.