Premium Finance
While premium finance is not a specific product but rather a creative financial strategy to pay your life insurance premiums. With the many innovative products that are available in the life insurance industry there should be just as innovative ways to pay the premiums. There will always be a need for life insurance however it may not make financial sense to pull your money out of your own business, highly profitable investments, illiquid investments earning a high rate of return (such as real estate), savings, or even paying cash.
If you understand and like the concept of leverage or using other peoples money (OPM), premium finance may be an option for you. While going through the underwriting process for your life coverage we will begin to gather your financial information from your CPA, accountants, estate planners, and others if needed, in order to obtain the correct financing for your life insurance premiums. For more information about premium finance strategies, touch base with our team.