In a nutshell, premium financing is an insurance structure when a lender pays the premiums to the policy on behalf of the client. But this doesn’t have to strictly be a death benefit—it can be an extremely useful tool in estate planning!
In part one of this three-part mini-series, Keith Beggs and John McDonough, senior managing director at Cool Springs Financial, discuss the fundamentals of premium financing and share why premium financing might be the right tool for you.
In this episode, you will learn:
- How premium financing works
- How to decide if premium financing is right for you
- The benefits of premium financing
- Why clients tend to shy away from premium financing, but shouldn't
- And more!
Tune in now to learn the fundamentals of premium financing!