Premium Finance
What is Premium Financing?
Premium Financing is the lending of funds to a person or company to cover the cost of an insurance premium. The premium finance company then pays the insurance premium and bills the individual or company, usually in monthly installments, for the cost of the loan.
What is Premium Financing?
Cash Growth Strategy – Leverage dollars in a tax-free environment. The policy cash can be accessed via tax-free distributions during your lifetime.
Estate Planning Strategy – Establish a substantial amount of life insurance for business planning, tax planning or to transfer wealth to future generations.
One thing that successful investors and business executives understand well is the wealth-creating power of leverage.
Life insurance can be one of the keys to your financial goals, providing peace of mind, both to you and your family knowing that they will be protected if something unexpected happens. If designed properly, a life insurance policy can be an effective tool for addressing important wealth planning objectives, including protection, liquidity, accumulation and legacy.
Why Premium Financing?
Premium Financing can be an attractive option if you:
- Need a substantial amount of insurance for estate planning
- Are looking to accelerate wealth accumulation
- Need liquidity at death
- Need asset protection
- Need a substantial amount of insurance for business purposes