services
Premium Financing
Just as the name implies, premium financing is a method of purchasing life insurance with little or no out-of-pocket costs.
heirs, estate planning, business needs
Who should consider premium financing?
Premium financing is best suited to individuals with high net worth (at least $3 million) who have the need for a large amount of life insurance – whether for their heirs, estate planning, business needs, or favorite charity.
What you need to know about Premium Financing
Why would someone consider premium financing?
Premium financing provides a means to pay for life insurance premiums while retaining current income, assets, and investments for use elsewhere thereby eliminating opportunity loss. It provides the best of both possible worlds for the insured – they are able to retain current assets and receive large life insurance coverage as well. In addition, there may also be potential gift tax savings.
Why choose Richard S. Bernstein & Associates?
With so many options from which to choose, deciding on the life insurance policy that’s best for your needs can be a challenge. Our licensed professionals will provide you with a comprehensive needs analysis analyzing your needs, budget, and risk tolerance to determine the type of policy that’s right for you. Being in the insurance business since 1964, Richard S. Bernstein personally works to obtain the best underwriting offers for you with the best insurance carriers and will provide you with an array of options to meet your needs.
If you would like for one of our experienced life insurance advisors to examine your individual needs, offer our expert advice, and give you a quote, please fill out the box above to contact us today.
