PremFinance.com - Life Insurance Financing For High Net Worth Individuals
Life Insurance Premium Financing Program Benefits
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Key Person Insurance Funding SERP's Funding Buy / Sell FundingInsure Your Key Employees Using Our Life Insurance Premium Finance Program
Key Person Insurance
Many companies have one or more key employees who have skills or management abilities that are difficult to replace. The sudden demise of a key employee can be devastating to the company. Such an occurrence can create a large void in management, slowing down ability to fill orders, bringing about a large monetary loss for the company.
In a scenario where the key employee was a leading salesman, the company might now lose some important clients. An additional set back might be the loss of credit, if the key employee was the reason that loans were extended to the company in the past.
What also must be taken into account is the time and expense wasted looking for and training a replacement for the position.
Taking out a high paying life insurance policy on key employees can help close the gap if such a situation would ever occur. The majority of companies hesitate to purchase the policy due to the high premiums involved. Having to pay such premiums will often necessitate the company ssto liquidate some of their assets or to give up on current business opportunities with promising returns.
Using our Life Insurance Premium Financing Program, a company can receive the security they need at no cost, with only a minimal monetary risk involved. We will pay all the premiums, eventually recovering the money and interest from the death benefit. The millions of dollars left over will then go to the company, helping them recover from the loss of their key employee. If the life insurance policy becomes unnecessary at any point in time, we have a number of exit strategies allowing the company to walk away debt free. In short, a company can gain crucial security at no cost through our premium finance program.
If you have any questions about the program please feel free to email us.
