Premium finance is a strategy used by wealthy individuals and business owners to finance premiums for large life insurance policies. The strategy allows a high net-worth individual who has a need for permanent life insurance to use an alternative method for paying the premiums. Rather than using their current cash flow or assets to pay for those premiums, they may choose to finance them from a bank. Individuals who are well suited to the strategy understand both the power, and associated risks, of leverage.
Premium finance is very attractive for healthy insured’s between the age of 25 -55, but arrangements can be successfully designed for clients up to insurance age 70. There are many options to consider when designing and implementing a financed life insurance policy, and we appreciate the opportunity work with you and your clients tp suggest policy designs that might be suitable for financed life insurance.
This business strategy is offered and managed by an independent third party who is not affiliated with the companies of National Life Group. No National Life Group company nor anyone acting on its behalf has evaluated the strategy or is authorized to make any representation regarding the suitability, effectiveness, or legality of this strategy, or the suitability of using life insurance or annuities in connection with this strategy. National Life is bound only by the terms of the life insurance contracts issued by the Group insurance companies. This is not a solicitation of any product or service. Please consult your tax and/or legal advisors regarding whether this strategy is appropriate for your situation.
Call us today at 800-906-3310, option 1.
These materials have been developed to help you discuss the premium financing with your clients.
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The National Life Group Advanced Markets Department reviews all policies that are being considered for premium finance on a case by case basis.
Contact Sam Barton at SBarton@Nationallife.com or call (802) 229-3836 for initial review.
The companies of National Life Group® and their representatives do not offer tax or legal advice. For advice concerning your own situation, please consult with your appropriate professional advisor.Legal Disclosure