How Premium Financing Works

Premium Financing is similar to a line of credit. First, the party seeking insurance gets approved for a policy. Then, an application is made for bank financing. Assuming approval based on credit and financial history, the premium is delivered to the insurance company and the policy is issued. The death benefit or cash value is used as collateral against the loan on the policy. Of course, there are a variety of options in how the financing is executed to achieve specific estate planning or financial goals.

Financing and Life Marketers

Life Marketers has established relationships with multiple premium finance specialists. We can help structure finance plans to meet individual client goals including interest only payments or, if desired, zero payments with accumulated interest and principal both paid from the death benefit. Life Marketers will assist you with product design, underwriting, financing, and coordination between the bank and carrier. We make Premium Financing easy so you can succeed with your clients.

If you would like more information on life insurance Premium Financing, contact us and let us demonstrate the Life Marketers advantage.