Premium supported life assurance could be an answer that permits high-net-worth people to borrow funds from a 3rd party, and use these funds to get life assurance coverage, while not having to liquidate alternative high yielding assets. Basically, the borrowed funds protect the life assurance policy’s direct fees and premium payments, so exempting you from having to pay this cash. So, why do you have to contemplate premium financing?
The Benefits of Premium Supported Life AssuranceThe popularity of life assurance premium finance has been on the rise over the past few years, as a lot of and a lot of folks begin to understand its importance. The 3 main advantages of premium supported life assurance area unit as below.