PremFinance.com - Life Insurance Financing For High Net Worth Individuals
The Guide To Life Insurance Premium FinancingPremFinance furnishes an individual with an opportunity to bequeath millions of dollars to loved ones with minimal risk and no money down.
Our program runs on a simple concept. A person takes out an expensive life insurance policy with millions of dollars as a death benefit. Our bank pays all the premiums to the insurance company. When the insured passes away the loan and accumulated interest is deducted from the death benefit. The remaining amount of the death benefit, which is normally a significant amount of money is then passed on to the insured's family. Everyone gains using this arrangement. Our financing bank acquired a client who took out a loan for a number of years and eventually repaid it with interest. Relatives of the insured profit by gaining a significant amount of money at no cost.
The benefits of a high face value life insurance policy are obvious to all. However, paying the expensive premiums would often require the selling of properties or liquidating stock holdings. Using our premium financing program you can retain all your money and investments and receive life insurance protection as well.
Besides the obvious benefit of providing unearned money to family members, one should also be aware of the estate planning values of the program. A life insurance death benefit is one of the few possessions of the deceased that is not taxed by the government. Passing a large amount of tax free money to your inheritors is one of the most strategic estate planning moves that can be made.
Signing up in the program only involves a very minimal risk. Extra costs would only be incurred if a person were to live long enough for the interest to become larger then the death benefit. This, however, is rare since it takes years to reach this point. In addition, exit strategies are available, allowing the insured to terminate the program with no payment.
At times an insured will no longer have the necessity for life insurance. For example, if he out lives his beneficiaries. We therefore offer exit strategies allowing the insured to end his policy with no payments incurred. Firstly the insured is given the option to forfeit his policy to the Bank at any given time. Forfeiting the policy serves as a replacement for payment and the insured can then walk away from the program scot free. The bank will continue to finance the premiums of the policy so it can recover its money when the policy matures.Businesses can also benefit from this innovative program. Using our Life Insurance Premium Financing Program, businesses can purchase key person insurance, fund buy/sell plans and SERPS at no cost. Every business now has the ability to achieve financial security.
To sign up for our Life Insurance Premium Financing Program a person will have to have a net worth of at least $4 million and be above the age of 65. In addition the insured must be in general good health, although there are occasions for flexibility.
Enrolling in the program is easy, fill out the quote form. A company representative will contact you within one business day. Our knowledgeable representative will analyze your particular situation and inform you about all the technical elements of the program.
If you have any questions about the program please feel free to email us.
