High net worth clients often earn large returns on investments. By utilizing premium financing, clients can keep money working in high returning assets, allowing for additional investment opportunities.
High net worth clients often earn large returns on investments. By utilizing premium financing, clients can keep money working in high returning assets, allowing for additional investment opportunities.
Premium financing allows clients to leverage current assets and their policy’s cash surrender value to obtain sufficient coverage.
By properly structuring ownership of life insurance and paying interest instead of premiums, clients can obtain tax-free retirement income and significantly minimize gift and estate taxes.
Though premium financed life insurance and our various life insurance solutions offer a multitude of benefits, there are some risks involved.
It is important to be aware of the possibility of interest rates increasing more than anticipated. If this occurs, you will be responsible for coming up with additional money or collateral to cover the cost.
Premium financing can be a longer process, so be aware of this before starting the transaction.
One popular form of collateral, a letter of credit from the policy holder’s financial institution, can sometimes be challenging and costly to obtain.
We get it. To trust just anyone with your legacy is scary. At Goheen Companies, we pride ourselves on astute attention to detail from the beginning of the process to the end. We consider your needs and craft a specially tailored solution designed just for you. At Goheen Companies, you aren’t just considered a client – you’re considered family.
Still have questions regarding premium financed life insurance and how it works? Not sure if it’s the right solution for you? Shawn would love to speak with you personally about the process and why we’re passionate about it. You can reach him directly at 713.530.8721.