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Irresponsibly-Designed Premium Financing Programs
In this video, we review a case study that was brought to us by a client. Another premium financing intermediary had sold him this policy, financed using an irresponsibly leveraged strategy using interest accrual.
It worked assuming the policy enjoyed a 5.67% index credit each year, but when run at a 5.41% index credit, it would lapse in policy year 14.
This is like paying $20,000 for a fake Rolex watch.
Watch the video of this case study analysis below and learn how some of these premium financing firms are putting clients in a terrible position, that will ultimately result in tons of lawsuits against irresponsible agents that don't understand how to properly (and responsibly) design a premium financing program that works.
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