Excerpt from: Life Settlement Update
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| June 13, 2008 | | There seems to be a new life insurance premium finance program announced every week | A week does not go by without one or more marketing calls informing us of yet another group wishing to throw cash into the lucrative premium finance space. These programs are coming from major financial institutions, hedge funds and even the family offices of the "super-rich". Life insurance premiums for seniors are often large and financing options make purchasing life insurance much more attractive. It is just another of the forces that are driving the senior life settlement and life insurance market ever higher. There is a common theme to the new programs but they vary greatly in the individual program designs. In addition to the life insurance policy most require some other personal collateral or a small personal loan guarantee. These loan programs label themselves as hybrid premium finance plans. Premium financing can be very advantageous and you should make sure that your life settlement broker or life insurance broker can provide you with a wide variety of financing options to choose from. | | |
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