A program designed to benefit lenders and their borrowers when life insurance is required as collateral for a business loan. Lenders and borrowers across the country respond positively to QuickClose because time is money. Our usual 7-10 business day turnaround enables the lender to issue loans much faster if the borrower uses our services instead of standard underwriting processes.

QuickClose is an expedited underwriting service that can process a life insurance policy when life insurance is required to cover the risk of a business loan. Through a streamlined New Business process, the required life insurance policy is provided within 7 to 10 business days, subject to full underwriting. QuickClose is not a guaranteed issue program. Policies may be rated or declined.

*QuickClose is not a guaranteed issue program. Policies may be rated or declined.


Our Value Proposition

  • SBA Background and Experience means we can speak your language when working with borrowers.
  • Extensive experience allows us to effectively communicate with borrowers and carriers, and mitigate potential delays.
  • Realistic expectations and communication.
  • Servicing of policies means that we work to keep them in-force in future years, in turn helping to protect the bank’s SBA Guaranty. 

Benefits to the Lender

  • Issue loans faster and earn interest sooner.
  • Enhance standing with business clients who will appreciate the easy, quick process for obtaining required life insurance.
  • No additional costs.
  • No trailing paperwork as the collateral assignment is included with the policy.
  • Receive duplicate premium bills and reminder notices to help comply with SBA Right-to-Cure requirements.
  • Speed and convenience are competitive advantages that the lender can promote to local businesses.

Benefits to the Borrower

  • Quality is not sacrificed for speed.
  • No extra cost.
  • Access to MassMutual's and its subsidiary companies high quality life insurance products.
  • Able to purchase life insurance tailored to their needs.
  • You are a professional go-to person who will work to prevent problems and resolve them quickly when they occur.



  • All insurance business written on any commercial loan through any commercial lender meeting the following requirements:
  • Life insurance is required as collateral for a business loan.
  • A commercial lender or qualified non-bank Small Business Administration (SBA) lender must issue the loan.
  • The policy is collaterally assigned to the lender.

Policy Size Limits: Face amounts up to, but not including, $10,000,000.

Premium Size Limits: Premium amounts less than $100,000.

Products Available: Whole Life, Term, Variable Life, Universal Life (Survivorship products are not available).