The biggest retirement boom in history is here...get ready!
The advantages of outside collateral with premium financing Blog added by Steve Savant on February 19, 2013
Steve Savant

Steve Savant

Fountain Hills , AZ

Joined: January 28, 2005

My Company

Brokers Alliance

No one wants to pay for insurance, any kind of insurance. But it’s an economic necessity in our culture. Permanent life insurance has many planning applications, as long as early policy liquidity isn’t a prime component to the overall planning strategy. However, today financing premiums also requires outside collateral for any annual shortfall that may occur regarding policy projections. Most banks participating in premium financing are more apt to go forward with this strategy knowing the client has personal skin in the game.

Steve, Bruce and attorney Rick Veit walk you through the recourse loan environment for collateralization. Steve Savant hosts the weekly TV/radio and Internet consumer talk show One for the Money, as well as the daily Internet talk show, The Business Insurance Zone. Steve is a national financial columnist, blogger and money color commentator. Steve’s special guest is Bruce Haydu, CFP and Rick Veit, CFP, JD.

The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Blog