For affluent senior obtaining a substantial amount of life insurance, premium financing is a valuable vehicle to use. Although premium financing has been used for many years, it is now starting to be recognized by a new wave of clients and financial advisor’s. For a while the concept of premium financing has been a bit of a mystery. But, once it is properly understood, this simple concept can be very useful.
Premium financing is a service which enables wealthy individuals, or their heirs, to secure a life insurance policy without liquidating their current assets. Potential benefits of this type of financing include cash-flow flexibility, tax savings, and wealth creation for the policy holder’s heirs.
For more information check out Imperial Financing’s web site www.imprl.com
Filed under: Estate Planning, Premium financing | Tagged: how to set up premium financing, new premium financing, questions about senior wealth, senior wealth trends, valuable information about premium financing, what the wealthy seniors are doing
