You've heard about it from your friends and business associates, out on the golf course, and perhaps even from your trusted financial professional, but you still aren’t quite sure what it is, or how it can benefit you. Premium financing can assist you with the purchase of large face amounts of life insurance, for estate planning purposes, or simply to leave a legacy. Premium Financing is a tool that allows you to put in force a large life insurance policy on your life to benefit your heirs, estate, business or favorite charity.

There is a right way and a wrong way to finance a life insurance policy.

Life Insurance Premium Financing is one of the hottest topics in the life insurance industry – and among the most controversial. Over the past few years, premium financing has evolved as a valuable tool for high-net-worth individuals to purchase the appropriate amount of life insurance they need, and thus allowing them to then execute financial strategies to preserve their wealth, increase it in many cases and transfer it to their desired beneficiaries, rather than to Uncle Sam in the form of Estate Taxes. Life Insurance is a great way to protect one’s assets.

Premium Financing allows clients with significant insurance needs finance premiums with little or no out-of-pocket costs and without the need to liquidate high-yielding assets to make premium payments.

Here are just some of the characteristics:

• Premium Financing is for high net worth clients who need significant amounts of death benefit coverage as a solution for federal estate taxes and wealth transferring planning.
• It is done with carrier approved finance companies. All financing transactions are fully transparent with everything disclosed to the life insurance company – who are our partners- not obstacles.
• There are NO upfront payments of any kind. There are NO investors or strangers involved in the process.
• The intent of the insured is to finance life insurance for death benefit needs, not to sell the policy to generate a profit.