Premium Finance – Life Insurance Done Correctly
May 18, 2009 - Back to Deck's Page
Premium Finance – Life Insurance Done Correctly
One of the most controversial yet powerful ways to provide life insurance benefits in the last five years has to do with whether premiums should be financed. Life insurance premium financing can be an excellent way to leverage dollars that attract a better rate of return in an outside investment. For this reason, we recommend using premium finance so long as all interest is kept current on an annual basis. We have arranged for a proprietary loan program with an Indianapolis bank that will work with a loan period of 10 years. This will allow creative premium financing at excellent present interest rates in lieu of paying heavy life insurance premiums. Whether the motivation is to cut or eliminate present gift tax implications or simply free up cash flow until the economy has recovered, life insurance financed properly is an excellent way to help your clients obtain coverage now, not later. Please contact Jay Robinson at 800-732-1489, ext. 209 for a complete review to determine whether premium finance makes sense for your next sales opportunity.
Deck McCormick
CEO
InSource