Premium finance coverages allow high-net-worth individuals to find alternate methods of covering life insurance premiums.
A new financial approach to life insurance.
Premium finance serves as a financial approach available to affluent individuals and business proprietors for funding premiums associated with substantial life insurance policies. This strategy enables high-net-worth individuals seeking permanent life insurance to opt for an alternative means of covering the premiums. Rather than utilizing their existing cash flow or assets for premium payments, they may opt to secure financing from a bank. Individuals well-suited to this strategy comprehend the potential benefits as well as the associated risks of leveraging.
Premium finance holds significant appeal for healthy policyholders aged 25 to 55. However, customized arrangements can be effectively crafted for clients up to the age of 70. When devising and implementing a financed life insurance policy, several key options require careful consideration.
Contact us to go over your premium finance needs and coverage options.
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