The asset-backed loans in section “Asset Backed Loans (ABL)” are the publicly visible tier of private-bank lending. Private banks, life insurance carriers, and specialty credit funds extend three additional categories of credit that almost never appear in retail publications because their economics only work above roughly $5 million in investable assets or inside specific estate-planning contexts: borrowing against permanent life insurance cash value, financing insurance premiums on a commercial bank loan, and bespoke single-asset lending against illiquid holdings.