The marketplace for premium financing
By Steve Savant
The potential market for premium financing can be significant. More than 950,000 Americans are worth in excess of $20 million. Shockingly, 95 percent of the wealthy do not have any life insurance or are under-insured. Over half of the affluent believe life insurance is a good investment, but are reluctant to pay for it. Many of the private businesses owned by rich Americans represent the bulk of their estates.
Leveraged premium life insurance can now span three generations with the planning techniques outlined in the show. Steve, Rick and Todd set the stage for marketing premium finance. Steve is a national financial columnist, blogger and money color commentator. Steve’s special guest is Rick Veit, CFP, JD and Todd Hammer.