Want to get life insurance without liquidating your assets? With premium financing, you can finance your policy’s premium by borrowing the money instead of paying out-of-pocket. This method of financing can reduce the net cost of your coverage while allowing you to maintain your current investment portfolio.
Premium financing might be ideal for you as a high net worth client if you want to buy life insurance without giving up other assets, or if your premium payments would require the payment of gift taxes. Your carrier will generally require you to meet a set minimum net worth to qualify for premium financing. Each carrier has its own requirements and specifications; contact us to find out which options would benefit you the most.