Premium Financing

Our website explains why you should have whole life insurance. As a high-net-worth individual, you can be very good at developing a high return on your portfolio of investments, properties and business interests. You probably have a definite need for life insurance, but you don’t have the liquidity, or are reluctant to dip into your existing investments or high‐yielding assets to pay for the premiums.

Today, we are going to talk about how premium finance may help provide a solid solution worthy to consider, and how combining the two (premium financing and whole life insurance) may create a powerful solution to the problem of having insurance, without having to dip into your assets to pay for it. Let’s look at the two products:

Purchasing life insurance and using someone else’s money to pay the premiums – what could be better than that? But as with everything, there is risk. Guarantees apply to certain insurances and are subject to product terms, exclusions and limitations, and the insurer’s claims-paying ability and financial strength. Premium financing involves borrowing money from a third party. Borrowing costs can be low initially and then escalate as rates rise, leaving policyholders owing more for the premiums than what the policy is worth. So how do we minimize the risk? One way is by purchasing a conservative, guaranteed whole life insurance policy. Many times we utilize a product that is guaranteed to be paid up in 10 years.

Premium financing has become a popular plan in the life insurance industry. Want to know more? Just fill in the form below and we will contact you with information on how premium financing a whole life insurance policy can work for you.

Consumers, click here for a Premium Financing Quote Request Form.

Brokers, click here for a Premium Financing Quote Request Form.

Registered Representative offering Securities through American Portfolios Financial Services, Inc. (APFS). Member FINRA/SIPC. Investment Advisory Services are offered through G&G Planning Concepts, Inc. which is not affiliated with APFS.

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc. (APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.

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