When you’re looking to implement a life insurance policy, there are tons of options you’ll need to consider, from choosing which carrier you’ll get the policy from and which type of policy will best suit your needs. But the choices don’t end there. Did you know you have the option to finance your life insurance premiums? It’s a good option if you’re looking for alternatives to pay for those costly premiums. We finance just about everything else in our lives, so why not explore premium financing as another option? Watch this video to learn more about why this could be the right move for you.
[VIDEO TRANSCRIPT]
Looking to fund a life insurance policy but worried about costly premiums?
Perhaps premium financing is a good option for you. Premium financing is the lending of money to a person or company to cover the cost of insurance premiums.
By leveraging a lender’s capital, you could potentially reduce your overall cost or purchase even more coverage than you could by buying up front.
Additionally, premium financing could generate substantial cash value build up within the policy which can be used to repay the loan and/or fund the future interest payments and premiums.
The strategies behind premium financing can often be very complex. These loans require proactive management across multiple parts through multiple agents.
Proformex can help you consolidate this information so that you can monitor and track everything in one place.
Click on the link to learn more about how Proformex can help you proactively manage your portfolio.
