How the Oak Street Funding Program Works
Every Oak Street Funding loan is custom-designed so that your future renewal commissions support the repayment of the loan, with very little or no out-of-pocket cash. This allows you to continue to focus on what matters most – your relationships with your policyholders and carriers. To repay the loan, commissions from your designated book of business go directly into your individual Cash Collateral Account (CCA). OSF deducts your loan payment from the CCA, and your excess commissions are sent directly back to you.
We lend against all types of insurance policies, including:
- Long-term care
- Individual disability
- Medical supplement
- Whole life
- Term Life
- Individual major medical
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- Homeowners
- Automobile
- Commercial lines
- Long-haul trucking
- Small/medium group major medical
- Critical illness
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