Insurance-Backed Line of Credit: An Innovative Way to Access Liquidity
Wednesday, August 17, 2022
11:10 AM EDT | 8:10 AM PDT
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The Bancorp Institutional Banking business provides financial professionals with innovative lending solutions, such as an Insurance-Backed Line of Credit (IBLOC), that can seamlessly integrate with their clients’ wealth management strategies.
An IBLOC is resilient against outside forces such as market fluctuations when compared to other lines of credit and allows borrowers the freedom to access up to 95% of the cash value1 of their eligible whole life insurance policy2 at competitive rates and terms.
An IBLOC allows financial professionals to show clients they are a forward-thinking steward of their wealth management by educating them on how they can use this money to work for them. By participating in the webinar, attendees will:
- Have a better understanding of the uses and benefits of an IBLOC
- Have the tools to be able to talk to their clients about new ways to access liquidity
- Will be able to build their clients’ confidence in their wealth management strategies.
1. Subject to credit approval and underwriting.
2. Line of credit is contingent on life insurance policy remaining in good standing. The insurance policy owner must be the borrower. Insurance policy must be issued by one of the following approved insurance providers to be eligible as IBLOC collateral: Guardian, MassMutual, Northwestern Mutual, NY Life, John Hancock, Penn Mutual.
Approved for 1 hour CE: CFP®, CFA®, CPWA®, CIMA®, CIMC®, RMA®, WMCP®, RICP®, CHFC®, FSCP®, CLU®, CHSNC®, CAP®.
The CFP Board® accepts the LIVE program for one hour of CE credit towards the CFP® certification. If you provide the required information during the webinar registration process and stay for the entire session we will report your attendance to these organizations. Investments & Wealth Institute® accepts this webinar for 1 hour of CE credit towards the CIMA®, CPWA®, CIMC®, and RMA® certifications. If you provide the required information during the webinar registration process and stay for the entire LIVE event we will report your attendance to IWI. If you watch the ON-DEMAND event please email us at [email protected] for the IWI® webinar ID to self-report your attendance.
Director, Northeast Regional Business Development Officer
John Profitlich is Director and Northeast Regional Business Development Officer for The Bancorp Institutional Banking business. He is responsible for developing brand awareness and delivering customized banking and lending solutions to wealth managers. In this capacity, John works very closely with investment firms, financial advisors and their clients, as well as business executives.
John is a 30 year veteran in the financial services industry, most recently serving as Vice President and Institutional Relationship Manager at TD Wealth Management. In this role, he applied and supported investment management strategies for corporations, foundations, endowments, not for profits, as well as higher education. He also helped position products to corporate lending teams with a specific focus on captive insurance, 401k plans and custodial account services. Earlier in his career, John served as Vice President and Relationship Manager at Citigroup, providing SBLOCs, mortgages, home equity lending and investment management services to mass affluent and high-net worth clients.
A graduate of Niagara University with a B.S. in Business Management, John holds his Series 7, 9, 24, 63, and 65 licenses.
Director, IBLOC Lead
Abdullah Rajput is a Director, Insurance-Backed Line of Credit (IBLOC) Lead at The Bancorp, with over 10 years of financial industry experience. In addition to developing The Bancorp IBLOC program, Abdullah’s insurance-based lending expertise enables him to provide customized lending solutions to financial professionals and their clients.
Prior to joining The Bancorp, Abdullah was an Assistant Vice President of IBLOC Sales at Valley National Bank. While there, he developed an in-depth knowledge of IBLOCs and established long-term relationships with financial professionals.
Abdullah received both Bachelor of Science and Master of Business Administration degrees in Finance from William Patterson University.
Founder & CEO
Suzanne Siracuse Consulting
Suzanne Siracuse, Founder and CEO of Suzanne Siracuse Consulting, LLC, specializes in advising financial services firms on innovative business strategies, distinctive marketing programs and impactful advocacy initiatives around diversity, financial literacy and next gen talent.
Ms. Siracuse is also the Creator and Host of The Big Reveal Podcast Series where she interviews industry thought leaders and influencers on all things wealth management, but with a twist!
Ms. Siracuse is the former CEO and Publisher of InvestmentNews where she oversaw the vision and strategic direction for all their platforms including print, digital, events and research.
Under her leadership, InvestmentNews launched initiatives to support the evolution of the financial advice profession, specifically in the areas of Practice Management, Women’s Leadership, Diversity & Inclusion, Innovation, NextGen and Financial Literacy.
An industry thought leader, she is a sought-after speaker and moderator on topics ranging from investing and leadership to financial literacy and fintech.
Ms. Siracuse is also a founding member of the Invent Elite consulting consortium, which focuses on developing, launching, branding and operationally supporting broad based technology initiatives for financial services firms.
In addition, Ms. Siracuse is on the Board for the Invest in Others Charitable Foundation, is a member of the Council of Ambassadors for the IWI’s Thrive Center for Diversity and Inclusion and is a board member of Savvy Ladies.In Nov 2020, Ms. Siracuse was recognized by InvestmentNews with the Women to Watch “Trailblazer” award for her commitment to DEI initiatives within the financial services industry. Ms. Siracuse is an active volunteer at the Animal Rescue Fund in East Hampton, NY and an advocate for the humane treatment of animals.She holds a BS in Business from Rider University. She, and her husband, Lee reside in New York City.