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Premium Finance
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Guide to Premium Financing
Provides an overall introduction to Premium Financing.
Program Qualifications
Premium financing is typically appropriate for Seniors:
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Between the age of 67 and 85;
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Minimum net worth of $2,000,000;
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Without life insurance coverage, or with coverage that is significantly
below his or her net worth;
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The candidate must be in decent health, qualifying as at least a Standard
or Preferred medical risk for life insurance.
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Life insurance plays an important role in estate planning. It is an
effective means to help preserve and grow assets. However, the cost of
self-funding premiums, especially at older ages, can be prohibitive. A
prospective insured should be aware that there are alternatives to using his
or her own funds to pay for insurance.
A Premium Finance Plan is an alternative you will want to consider if you
wish to buy life insurance and:
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You do not wish to liquidate personal assets or investments to cover the
cost of life insurance premiums; or
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You do not wish to incur the costs and fees, or to expose your net worth
to the liability of, a traditional recourse loan for premium financing; or
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You wish to purchase more life insurance than your current cash resources
allow (e.g. where cash is tied up in illiquid investments, real estate or
other assets which are not easily turned into cash); or
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Make a significant donation to a favorite charity or charities, allowing a
program participant to witness the results during his or her lifetime.
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Carrier Approved
Programs
We
offer a complete selection of Premium
Finance programs that are approved by numerous leading insurance carriers
and that are supported by leading financial institutions. Carrier approved
programs result in cases acceptance as high as 80% and typically take 2-3
months to complete. In addition, the commissions are greater.
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New Programs
We now offer Premium Finance Programs for:
Click here to learn more about this
program as well as all of Regency's Approved Programs.
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Home
Contact Us |
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Regency Premium Finance, Inc. | 11601 Wilshire Boulevard, Suite 500 | Los
Angeles CA 90025 | (877) RPF-INS1, (877) 773-4671
Copyright © 2007 Regency Premium Finance, Inc. All Rights
Reserved.
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