Premium Finance Services

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.

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.

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.

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.