Right now, traditional life insurance premium financing has never been stronger.
New York, NY (PRWEB) September 16, 2014
Advanced Wealth Professionals announced it is now offering its clients Premium Financing. This service provides a loan for businesses and individuals to use to pay for life insurance coverage.
Businesses are coming to Advanced Wealth Professionals for Premium Financing to obtain life insurance for key-person coverage, to help finance a non-qualified deferred compensation plan, set up a death benefits-only plan, or to help obtain coverage for a buy/sell arrangement.
High-net-worth individuals who have estate planning needs for large life insurance policies are also candidates for Premium Finance. Individuals with $2 million or more in a liquid net worth, a total net of $10 million or more and an annual income of $500,000 annually can qualify for a Premium Finance loan. Premium Financing makes it possible to purchase policies without having to liquidate existing investments. This avoids income tax consequences at liquidation.
Advanced Wealth Professionals Managing Partner Tomer Dicturel said, "Right now, traditional life insurance premium financing has never been stronger."
Advanced Wealth Professionals is a division of Advanced Wealth Partners. AWPros provides strategic, customized financial and insurance plans to some of the country's wealthiest individuals and largest private and publicly held companies.