Structured Premium Financing Program.

WFGInsuranceQuotes.com is extremely proud and excited to announce the launch of our newest division, specializing in Premium Financing. Because of our strategic relationships with some of the top insurance carriers and banks in the world, we are now able to offer this service to our clients.

Premium Financing has been available for over 50 years, but was primarily used for the ultra-wealthy as a way to pay estate taxes with no money out-of-pocket. 

For example: $100 million estate x 40% = $40 million due at death to pay federal estate taxes. (Current Federal Estate Tax exemption not included.)

Today, we call it “Structured Premium Financing”, because we’re able to use the same chassis for paying estate taxes with little to no money out-of-pocket, and use it for other financial needs, such as: Key Person Policies, Buy/Sell Agreements, Debt Reduction, Annual Contributions to non-profit organizations, churches or universities with little to no money out-of-pocket for the donor, Tax-Free Income Replacement, as well as Employee Retention for companies, corporations and universities who want to recruit and retain the BEST people in their industry.

Premium Financed Life Insurance
​How Does it Work?
Premium Financing is a strategy whereby a qualified borrower accesses third-party financing to pay for large life insurance premiums. 

The insurance companies have constructed specific products for these financed plans to minimize outside collateral needs and maximize returns. This allows individuals and businesses to leverage current assets, maximizing returns via a predetermined cash flow.

​Every premium financing strategy is custom-made for each client, with every strategy following a similar path.
​Rates and carriers may vary:

1. The process begins by determining the business owner's life insurance coverage needs and financial suitability.
2. A preliminary case design is developed and discussed.
3. Many variations of the design are run until the ideal plan is picked by the client.
4. Formal life insurance carrier underwriting and bank financing applications begin.
5. The policy is issued by the insurance carrier. The financing bank requires the owner of the policy be an Irrevocable Life Insurance Trust (ILIT), or an LLC.
6. The client provides collateral to the bank in the years when the loan balance is above the cash value inside the policy (usually 8-12 years if insured is under age 60). The shortfall collateral consists of cash and cash equivalents.
7. When approved the bank wires the premium payment(s) to the life insurance company.
8. Annual reviews should be conducted to evaluate insurance policy performance and ensure successful renewals.
9. Once the policy generates cash value above the loan balance the owner can request tax-free loans based on the excess cash value inside the policy beyond the loan balance.

Why is Premium Financing such a valuable financial tool?

With Structured Premium Financing, the financial advantages are easy to see.
  • Reduces or eliminates the out-of-pocket cost for business owner life insurance.
  • Retains capital for other growth opportunities.
  • Maximizes potential tax advantages.
  • Leverages net worth to compound and grow wealth.

The ideal premium financing consumer has an income of $250K+ and a minimum net worth of $3 million dollars, and may include:

  • Corporations and Universities who want to retain their best people
  • Doctors and Surgeons • Successful Professionals • Corporate Executives
  • Entrepreneurs • Athletes • Restaurant Owners • Real estate investors
  • Privately held business owners • Multifamily offices
  • Hedge fund owners and managers • Private equity firms
Premium Financing For the "Emerging" Affluent Client Available Soon.     ($1million+ Net Worth)
Ask Us About Details
*Rates and Carriers May Vary
(877) 487-8926​
Contact: Jennifer Lang
​Financial Services Professional
Life Insurance State Licenses: 
AR,TX,GA.VA.WA,UT,MI,OH
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