How Does Premium Financed Life Insurance Work?

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    David RacichPRO
    Fountain Hills, Arizona
    Generally, high net worth individuals with liquid cash reserves and a high credit score investigate bank loaned premiums or premium financing. The banking institution may require a personal guaranteed beside the collateralization of the policy cash values. The leverage of borrowing premiums depends on the bank interest charge and the performance of the policy. 
     
    Answered on June 29, 2013
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