Premium financing is an alternative method for paying life insurance premiums. The idea behind premium financing is that a wealthy client has a present need for life insurance protection AND sound financial reasons not to liquidate high performing investments to pay the premiums.
By borrowing the premiums, high-net-worth individuals will pay as little out-of-pocket as possible for life insurance, balanced against the risk that the interest rate of the loan will exceed the performance of the policy. Premium loans can be repaid in three main ways: 1) during life, from the borrower's available assets 2) during life, from policy cash values, and 3) at death, from policy proceeds.
We only use carrier approved premium financing programs that assist as a planning tool in the advanced estate and business planning marketplace. Well designed and properly administered premium finance programs can and do meet the personal, financial and estate planning needs of qualified clients.
By purchasing your life insurance policy through Ensure Charity, 50% of our gross revenues (commissions) will be contributed to one of our featured charities or a charity / non profit organization of your choice*. This is Socially Conscious Planning.