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.

If you're a detail-oriented advisor, go to our YouTube channel to watch all of our webinars.  We have enough video content for you to earn your Ph.D. in Premium Financing (well, not quite, but pretty close to it).  Click Here to check it out.