Introduction to premium financing
By Steve Savant
Ash Brokerage Corporation
Have you ever seen the 1991 movie, Other People’s Money, starring Danny DeVito, Gregory Peck and Penelope Ann Miller? The wealthy use other people’s money, and to the point, institutional banking money. The discounted dollars of life insurance and its tax advantages are legendary among the CFOs and tax attorneys in corporate America. Borrowing life insurance premiums just adds to the economic leverage of high-net-worth clients willing to use the power of their credit line.
Steve and Bruce introduce you to the economic impact of leveraging credit and increasing the internal rate of return using life insurance. 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.