How does Premium Financed Universal Life Insurance work?
• First we will analyze all your needs and wants and decide which size of policy you may want to purchase. Then we can begin the financial and insurance underwriting process which will be an evaluation of your health, medical history, financial history and ability to post collateral. • After we have assessed your needs and wants we can begin. We will use your collateral to get a bank loan which will cover the cost of the loan. The bank will be paying for your insurance premiums, so you will never have to use out of pocket funds. • Your policy will be invested into various index products. The performance of your policy is in large part based upon the success of these indexes. One of our primary products is the AIG Elite Global index which performs at a projected 10.40%. This index is based upon the US S&P 500, the Asian Hang Sang and the European STOX. • After 5 years your bank loan will need to be renewed. While this sounds intimidating this is an easy process that actually serves you.
