Clients

As you have become more and more successful over the years, it’s likely your estate, business and/or asset protection needs have become more and more complex. Considerable wealth and assets should be matched with considerable planning. Life insurance is often the center of a sound financial plan, helping to provide the protection you need to secure your legacy with an enduring impact for future generations. 

Obtaining an adequate amount of life insurance can be costly and weigh heavily on your capital needs. However, Premium Financing may be a solution for those that meet the financial requirements. 

Premium Financing can be an effective and economical way to purchase large life insurance policies to work toward your financial objectives. By establishing an arrangement in which you borrow money at a competitive interest rate from a 3rd-party lender to fund life insurance premiums, the cash value from the policy can be used for a portion of  the collateral.

Premium Financing may unlock several potential benefits:

• Obtaining significant amounts of life insurance with reduced out-of-pocket costs
• Continue to build assets in your business and other areas of your balance sheet while a bank funds your premiums
• Increasing your IRR on your life insurance portfolio
• Leverage your annual gift-tax exclusions or lifetime exemption by transferring other assets out of your estate
• Fund Key Man, Buy-Sell and other business planning needs
• Maximize tax advantaged loans in retirement
• Equalize your estate among non-active members in the family business

Who Should Consider Premium Financing?

• Individuals, corporations, trusts and partnerships that need a large amount of life insurance and have a minimum annual income of $250,000 and net worth of $5,000,000.
• If you have significant assets tied up in your business  or allocated to other profitable investments and you prefer not to liquidate to fund insurance premiums
• You have liquid assets that can be used as collateral

_{*This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified advisor.
No strategy assures success or protects against loss.}