Premium financing is a process of borrowing money to pay life insurance premiums. I know this sounds strange, but there is a perfectly good reason behind the idea. I’ll forewarn you, however, that this good idea only takes flight among those with substantial assets. Financing life insurance premiums works to minimize the net out-of-pocket cost …
We realize that premium finance is really big subject and there’s much to say about this. In today’s podcast we’re discussing some the “less than savory” pitches circulating out there. Much more to write on this subject…this post will be updated in the next few days. We ran out of time and wanted to get …
It’s honestly a bit shameful that we produce a podcast for well over a year that has life insurance as its primary subject and we’ve yet to discuss the subject of life insurance premium financing. Well, that stops today. With one caveat… Please keep in mind that this is a complex topic with many moving parts and we …
Premium finance life insurance requires the policy owner to get a loan from a bank to pay the premiums on his/her policy. The strategy works to reduce the net cost of buying an extremely large life insurance policy, and wealthy Americans use premium financing for this very purpose. There are, however, times when unscrupulous insurance …
In the interest of building newer and sexier ways to lure you into buying life insurance, agents and marketing organizations think it would be super nifty if you harnessed the extra buying power of a bank’s money to make the policy you can buy even bigger! The idea looks something like this, buying more life …
Fee-only insurance advisors provide advice on insurance-buying decisions free of the potential conflicts posed by commissions. Fee-only advisors receive compensation through a fee you agree to pay them for their work. In exchange for their fee, these advisors will review the facts of your specific buying situation, insurance proposals you received from agents, and make …
Indexed universal life insurance reviews are in no short supply all throughout financial media as well as the internet. Recently, a review came from a source that most of us would consider authoritative on the subject. In a mini white paper titled A Critical Review of Indexed Universal Life, Scott Witt rolled out a multi-point …
In our last post and podcast episode, we compiled the 5 Reasons Whole Life Insurance is a Bad Idea…According to the Internet. To show you that we are fair and balanced when it comes to the pros and cons, we thought it appropriate to discuss some of the scenarios or circumstance where whole life is legitimately …
Whole life insurance dividend season is right around the corner. During this time, major life insurers who issue whole life insurance will announce the dividend scale for 2022. For most of these insurers, they will mention the dividend scale, which is a cryptic datapoint often misused by agency marketers as well as insurance agents in …
Decreasing term life insurance is a special form of term life insurance designed to cover a borrowing obligation. It’s rare for life insurance agents/brokers to sell this type of life insurance. Instead, loan officers such as mortgage brokers and F&I managers at car dealerships are the people who traditionally sell this type of life insurance. …
