New partnership between NGL and Live Oak Bank creates financing solutions for funeral homes

A new partnership has formed between National Guardian Life Insurance Company (NGL) and Live Oak Bank to provide financing solutions that will help current and future NGL customers with acquisitions and expansions.

Funeral service professionals interested in growing their current business will be able to utilize the value of their Preneed business to potentially improve the rate and terms of their financial package.  

“NGL decided to partner with Live Oak Bank based on its knowledge and experience as the funeral profession’s leading lender. Live Oak Bank thoughtfully approaches its business relationships and provides personalized guidance through the lending process,” said Jeremy Ragsdale, Executive Vice President, Chief Marketing Officer at NGL. “We look forward to offering this new financial opportunity for our funeral home partners and helping them achieve their goals.”

“All growth capital is not created equal,” said Tim Bridgers, Head of Funeral Home and Cemetery Lending at Live Oak Bank. “When you work with the funeral home and cemetery lending team at Live Oak Bank, you receive the accumulated experience of thousands of hours of funeral specific conversations all centered on creating the efficiencies that positively impact operational cash flow.”

Leading the new lending initiative at NGL is 37-year funeral industry veteran, Kenn Peterson, Vice President, Business and Lending Development. “This new value-added benefit for our funeral home partners is beneficial for those who are looking to help more families, and grow their business through acquisitions and expansions,” shared Peterson.

To learn more about NGL’s new lending initiative and how your funeral home can utilize it, contact Kenn Peterson at kpeterson@nglic.com.

Live Oak Bank has been focused on small business loans for the funeral profession since 2010 and provides an extensive wealth of funeral operation and financial knowledge.

NGL has been committed to providing valuable insurance solutions and a superior customer experience for more than 115 years. Specializing in a suite of innovative products for life’s journey, NGL prides itself on giving customers the financial stability, careful guidance and peace of mind to lead a life filled with confidence, dignity and grace.

About NGL

Established in 1909 National Guardian Life Insurance Company (NGL) is an insurance company headquartered in Madison, Wis. Licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group markets products. Information about NGL can be found at www.nglic.com; Facebook: Facebook.com/NGLIC and LinkedIn: https://www.linkedin.com/company/national-guardian-life-insurance-company.

National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a/k/a The Guardian or Guardian Life.

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