Empire Life has a new sales concept in AddCalc; Immediate Financing Arrangement. An Immediate Financing Arrangement is a financial strategy that uses the cash surrender value of a permanent participating life insurance policy and in some cases additional assets as required by the lender, as collateral for a loan or line of credit from a third party lending institution. As the cash surrender value of the policy increases, loans are taken from the third party lending institution. The loan proceeds are used to invest in a business or other income-producing investment and the interest expense may be tax deductible. The outstanding loan balance is paid from the death benefit payable under the insurance policy when the life insured dies. Learn more.