Premium Finance Services
Many individuals understand the traditional way to design and pay for permanent life insurance through cash payments over time. Utilizing the same life insurance policies but integrating a premium finance services strategy, our firm is uniquely positioned to demonstrate a much more advantageous option. In comparing these two strategies side-by-side, clients gain the knowledge they need to make a well-informed decision.
Why should my clients consider Premium Financing?
Clients usually understand the most common way to purchase life insurance – with cash payments. What many clients do not understand is that an alternative funding method is available using Premium Financing.
By comparing the two options side-by-side, clients can make a well-informed decision and understand the benefits of our life insurance carrier-approved funding method. If you decide not to implement the strategy after you analyze both options, at least you will have understood both options are available.
Does my client qualify for the Life Leverage Strategy?
Any individual or business with a net worth in excess of $5,000,000 (liquid and illiquid assets), with an insurance need and healthy enough to obtain life insurance coverage, may qualify and benefit from Premium Financing.
What Do I Do When I Identify a Client That Qualifiers?
Once you have identified a client who qualifies, contact our office to discuss the potential opportunity. If premium financing seems suitable, we have a one-page trial application requesting medical and financial information from the client. Our office can provide a preliminary premium finance case design within 48 hours. After which, we will review the case design with you to present the option to the client.
If you need in-person or teleconference sales support, one of our team members can assist you. If the client decides to proceed with premium financing, process the financial approval concurrently with our insurance medical approval. When both offers are in place, we assist with the loan documents, collateral assignment forms and book the case in our system to review with you and your client annually.
What if my client already has life insurance in place?
Suppose your client already has life insurance in place. In that case, we can provide a policy review and analyze the benefits of restructuring your existing policies by utilizing premium financing, creating cash flow savings.
You’ll benefit from our team’s extensive knowledge in business and estate planning, and other markets.
We’re committed to providing personalized service with a quick turnaround so you can serve your clients well.
Our experienced team brings you underwriting expertise, advanced marketing, and smart estate, and business planning.
I have been in the insurance business for 37 years and worked with many brokers. Brandon is by far the most knowledgeable, helpful, and responsive broker I have ever worked with.