Successful business owners, executives and professionals may be able to use other people money to pay for the life insurance premiums for their business and supplemental retirement needs.
The following are couple examples of programs we have available to help you get and pay for the life insurance the need:
Purpose – Use premium financing and other people’s money to help pay for the life insurance premiums
Fund Buy-sell agreements,
Fund Key-person Insurance,
Provide Executive Bonus arrangements and/or other Supplemental Retirement Income solutions.
Program #1 – Business Owner, Executives and Professional Premium Financing
Qualifications
• Minimum Annual income of $150,000 supported on tax returns,
• Business Revenue at least $750,000 for past 2 years,
• Ages 35 to 60 years old,
• Client needs to be in good health for life insurance underwriting,
• Need for $1,000,000 to $4,000,000 of life insurance.
Other benefits of Premium Financing Program #!
• Loans made to businesses, Trusts and other Entities,
• No waiting to be part of a larger funding pool,
• No origination fees,
• Interest spread over One Year LIBOR for a 10 year term,
• One time Financial Underwriting,
• No Annual Loan Re-qualification,
• Full Recourse loan,
Program # 2 – Business Owner, Executives and Professional Premium Financing
Qualifications
• Minimum Annual income of $100,000 over the last 2 years,
• Ages 35 to 65 years old,
• Client needs to be a standard or better underwriting class,
• Need for $1,500,000 to $4,000,000 of life insurance,
• Is able to pay the premiums for the next 5 years.
Other benefits of Premium Financing Program #!
• Loans made to a Trust set up under the program,
• Part of a larger funding pool,
• No Annual Loan Re-qualification,
• Non-Recourse loan,
Call Fred Berger at (760) 435-9702 for more information.