Premium Financing
A planning technique that leverages financed dollars to minimize out-of-pocket life insurance premium expenses.
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Advisor Guide
Insurance Discussion Prompts: Premium Financing
Insurance discussion prompts to begin a meaningful client conversation about premium financing.
Solution Snapshot
Premium Financing
Replace life insurance coverage with a new policy designed to have premiums paid through a premium financing structure, where a lender covers the premium payments and the Irrevocable Life Insurance Trust (ILIT) pays the annual interest on the loan
Candidates
Solutions are not one size fits all. For every planning technique, there are determining factors that illustrate whether the technique will fit the planning for an individual, family, business, or non-profit organization. Outlined below are ideal candidates who might benefit from exploring Premium Financing solutions.
Wealth and Legacy Insights from our Team
Faqs
Frequently Asked Questions
Find answers to your questions about Heirmark's life insurance solutions, underwriting process, and advisory services.
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Some lenders will allow the life insurance policy to be used as collateral while others will require additional assets (e.g. cash, securities, real estate) to be used, usually dependent on the amount of the loan.