How the Oak Street® Program Works
Oak Street Funding® loans are designed so that your insurance agency's future renewal commissions support the repayment of the loan, with little out-of-pocket cash. If you’re considering buying or selling an insurance agency book of business as part of a perpetuation plan, consider our financing options. In most cases the agency seller’s commission stream can be used as collateral for a loan.
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
- 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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