Premium Finance

Premium financing is an arrangement with a third party lender to pay the premiums on a life insurance policy. It is a leveraging technique which enables seniors to control large amounts of insurance. It is utilized as an effective estate planning tool and wealth creator.

BSM manages the planning, and design and implementation of these strategies. Each client will get a tailor made strategy to meet their needs and goals.

Qualifications:

• Males 72 – 86
• Female 74- 88
• Excellent health

Reasons for financing:

• Seniors who desire life insurance coverage but do not have the liquidity to pay the premiums.
• Seniors who want to utilize their cash elsewhere but want the insurance coverage.
• Seniors who elect financing of their life insurance as part of an estate planning strategy.

Financing periods available:

• 2 years
• 5 years
• 7 years
• 12 years
• Lifetime

Services

• We can assist in the underwriting of the insurance. BSM has strong contacts and relationships with General Agencies throughout the nation and with all the major carriers
• We can help create a strategy that works for you and your client.
• We have strong relationships with a large network of financing and lending facilities and will place your client with the most effective and suitable program.

Benefits

The agents and financial professionals that have utilized our services and have seen their clients needs being met as well as the personal production grow substantially.