Premium Financing with Life Insurance Archives

Premium Financing with Life Insurance

How to Build Wealth with Life Insurance Plus Leverage

Leverage allows you to buy a bigger home. You put down 20%, then leverage the rest with a mortgage. We also use leverage when buying cars. You make the down payment and borrow the remainder to purchase a nicer car. Why not get a bigger retirement by using leverage with life insurance? Leverage leaves you…

4 methods for reducing premium financing risk

How to Avoid Premium Financing Risk (The 4 Safest Methods)

Premium financing presents some risk. It is vital that prospective buyers understand premium financing risk when funding a significant life insurance policy. Every financial strategy involves a potential downside. Savvy investors do everything they can to mitigate potential losses. While using premium financing to fund your insurance policy can reduce the amount of assets you…

tax advantages of premium financing for life insurance

How to Take Advantage of the Estate and Gift Tax Benefits of Premium Financing

The estate and gift tax benefits of premium financing are the most attractive components of this life insurance strategy. There are several methods within premium financing you might employ to avoid these taxes. Which ones you pick will depend on your financial situation. These financial strategies will apply in different circumstances. Keep in mind that…

Using an Irrevocable Life Insurance Trust for Premium Financing

The first step in setting up life insurance with premium financing is creating an irrevocable life insurance trust. An irrevocable life insurance trust (ILIT) sets up tax benefits to protect large estates from exorbitant estate tax obligations. This type of trust requires several critical legal and financial decisions. To get everything right while avoiding pitfalls…

4 Reasons IUL is Best for Premium Financing

Indexed universal life insurance is, without debate, the best choice for life insurance premium financing. Each type of permanent life insurance has its pros and cons, but the other types of permanent life insurance have drawbacks that put you at higher potential risks with premium financing. On the other hand, an indexed universal life policy…

Premium Financing For Life Insurance (An Easy How-To Guide)

One of the most cost-effective ways for high net worth individuals to protect their assets and create estate liquidity is to take advantage of premium financing for life insurance. The problem is that high net worth individuals require large life insurance policies. These can become extraordinarily costly. While paying the premiums may not be an…