
Creating wealth for your family or business without financial erosion is not an easy task.
Acquiring life insurance by using Worldwide Asset Protections Premium Financing program will allow you to purchase the amount of insurance required to protect your family and business.
Implementing measures designed to control the costs associated with the purchase of life insurance, Worldwide Asset Protection can provide directives and arrangements while suppressing the expenses associated with the cost of purchasing life insurance and deliver that essential benefit.
Premium Financing is an arrangement in which premiums are financed from a lending institution to pay for life insurance premiums. A trust is created to own the policy, keeping the value of the death benefit out of ones estate. The insurance policy through the trust is collaterally assigned to the third party lender. Interest due on the cumulative premium loan can be paid either out of pocket or funded from the cash benefit of the policy.
Planning and implementing the purchase of life insurance through our Premium Financing program can:
- Eliminate unnecessary gifting or use of one’s unified credit.
- Avoid estate, inheritance and generation-skipping taxes.
- Provide liquidity for the payment of the taxes on the value of a business.
- Serve as a source of equity by creating additional liquidity for a family or business.
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