Life Insurance Premium Financing
February 7, 2008
PREMIUM FINANCE ASSOCIATES, LLC
Premium Financing for Life Insurance Done Right:
There's a right way and a wrong way to finance a life insurance policy. Then, there's the best way.
Life Insurance Premium Financing. It is one of the hottest topics in the life insurance industry - and among the most controversial. In recent years, premium financing has evolved as a valuable tool for high-net-worth individuals to purchase the appropriate amount of life insurance - the amount they need - allowing them to then execute strategies to transfer wealth.
Premium Financing lets clients with significant insurance needs finance payments with little or no out-of-pocket costs and without the need to liquidate high-yielding assets to make policy payments. They can do this by using a combination of their life insurance policies and other assets as collateral.
Premium Financing Done Right:
· Is sold to high net worth consumers who need death benefit as a solution for federal estate taxes and wealth transference planning.
· Is fully transparent with everything disclosed to the life insurance company, who are our partners... not obstacles to circumvent in the financing process.
· There are NO upfront payments of any kind. There are NO investors or strangers involved in the program.
· We are approved with the most carriers for premium financing.
· The lender has NO ownership of any kind in the policy if the loan is paid off and will never participate in any manner on the settlement of the policy.
· The intent of the insured is to finance life insurance for death benefit needs, not to sell the policy to generate a profit.
· Legal opinions are issued by nationally recognized law firms for every loan made by lender on insurable interest and the loan structure.
Bill Friend, Principal
PFA - Premium Finance Associates
866.FRIEND-0 (374.3630)
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February 22, 2008
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