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Premium Finance |
- How does Premium Financing work?
- Who can qualify?
- What are the risks?
- Does my client have to be a certain age?
- Do the life insurance companies approve of Premium Financing?
Let National Brokerage make this easy.
Premium Financing has been around the life insurance industry for over 10 years.
In simple terms, it is the borrowing of premiums to fund a life insurance policy.
WHY?
Most people that are told they need 20M to pay estate taxes and that it will cost them
a million dollars per year will do one, if not all of the following:
- Say, "My family will deal with it."
- Laugh.
- Throw you out of the room!
However, when you ask them to consider leverage to protect their net worth, it is a whole
different result. The same client now only has to post collateral and can fund this
20 million to protect their estate or build a legacy with their charity.
The largest cases in the industry are being sold because of Premium Finance. Over
a billion dollars of commission was paid to agents who used premium financing last
year.
- Discuss concept with one of our advisors to determine need and objective
- Determine best carrier and lender together through a thorough examination of options
- Underwrite life insurance and financing
- Deliver policy and closing documents
- Receive full commissions
We operate with three major TOP principles:
| Transparent: |
Earning your trust through integrity,
communication and full disclosure |
| Objective: |
Searching for the best possible solution
under your direction |
| Professional: |
Working at the highest level of professionalism
to facilitate every case |