Posted by Goody on 03/2/08 in Business
Premium financing so simple yet so misunderstood. For high net worth individuals obtaining a level of life insurance, premium financing can be an extremely valuable financial tool. When properly understood, its purpose and benefits are simple and clear. Yet even though it’s been a financial instrument for a long time, some industry professionals still find premium finance a mystery. Others misunderstand it altogether. As a consequence, many high net worth clients miss out.
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The Power Of Life Insurance Premium Finance Revealed
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Posted by Goody on 02/16/08 in Business
When you compare life insurance companies, policies or quotes before you buy, you want to have the peace of mind that you’ve made the right decision. After all, you want to be sure you’re not paying more than you have to and that company will be solvent at the time of your family’s need. Here are four tips to keep in mind when making life insurance comparisons.
1) Compare the differences between term life and permanent life to determine which type of life insurance is right for your situation. With term life, you pay a set premium for a certain number of years. When that period is over, your coverage ends and you need to reapply for a new term — probably at a higher premium.
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