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November 1, 2008:
Premium Finance Life has created an easy application and qualification PDF, download and print today.....

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Premium Financing Information

Learn the POWER and ease of a premium finance program!

Premium finance allows people with high net worth to purchase life insurance without liquidating other profitable investments or otherwise changing their normal cash flow situation. Through this innovative financial arrangement, qualified clients borrow the funds to pay the life insurance premiums. They protect the net worth they have built up and pass their financial legacy to future generations.

While each premium finance transaction is unique, every transaction consists of two separate financial instruments; a permanent cash value life insurance policy, and a loan. The process occurs in two steps;

1. The Life Insurance Policy

The initial life insurance application process is similar to any other life insurance application. The life insurance company will complete medical and financial underwriting to determine if your client qualifies for coverage.

2. The Loan Application

After the policy is approved, a loan application is submitted to the lender for approval. The lender will review your client's credit and financial status and decide whether or not to make the premium loans.

Once loan approval occurs your client's premium finance case is underway. The documents are then sent to your client's legal counsel to be executed, and the policy is funded.

Legal and Tax Considerations

Premium financing has tax implication in a number of areas including estate, gift, and income taxes. Your clients must rely on their own legal and tax advisors to review and explain the legal and tax issues for their specific case.

Call Today 1-888-973-8377


Life Settlement

Life Settlements can be a tremendous exit strategy for premium financed life insurance policies. We can assist clients and advisors with the sale of premium financed cases and have built strong relationships with solid funders who are filling portfolios strictly with premium financed policies. Call today, 1-888-973-8377.