Often we use Life Insurance (and Premium Financing of Life Insurance) for our clients with high net worth.  Many of our professional athletes take advantage of the special privileges afforded Life Insurance and Annuities in the collective bargaining agreement to protect their signing bonuses from being “called back” due to illness or underperformance. How is that possible? Let me reiterate, life insurance is fully exempt in most states from garnishment, attachment, execution and other seizures.

Unlike a typical life policy where there are only two entities involved, the insured and the insurer, premium financing adds a third party, a bank, to the equation. For high net worth clients, it is often beneficial to get a bank involved in the process to pay the premiums.  In most cases, we can receive all the benefits of a permanent life policy for the cost of an inexpensive term policy! This is an eloquent way to get all the needs of a high net worth client’s estate met without jeopardizing cash flow!

Call and speak with one of our advisors today at 480-286-0003 or click here to have one of our advisors call you to schedule a free consultation.