by Omni » Tue Jan 22, 2008 04:00 pm
Hello and thank you for viewing this topic. After frequenting this messageboard for the past several months I have decided to start a topic related to the areas of business that I specialize in...premium finance, life settlements, and other advanced strategies for seniors.
The firm I work for has been in this industry for years and we truly are experts. If you have any questions or comments regarding premium finance, life settlements, how to leverage insurable capacity, etc...please post them here and I will answer all of your questions. Thanks again and I am looking forward to a great conversation.
The firm I work for has been in this industry for years and we truly are experts. If you have any questions or comments regarding premium finance, life settlements, how to leverage insurable capacity, etc...please post them here and I will answer all of your questions. Thanks again and I am looking forward to a great conversation.
Posted: Fri Oct 24, 2008 06:39 pm Post Subject: Premium Financing
Omni,
I have been doing Premium financing for the last 8 months before the market crashed. Are you still getting policies financed and what is the face amount. The only one that we still have a shot on has to be fully Collateralized and the client isn't about that. It is 8 million in face.
Posted: Mon Jul 13, 2009 02:18 pm Post Subject: life settlement resource
Hello,
I work with Q Capital Strategies, a leader in life settlements. Please visit our webite for more information.
Posted: Thu Jan 21, 2010 01:28 am Post Subject: Premium Financing
I understand this discussion is 6 months old. However I'll ask anyway...
Are there any large insurers that offer premium financing? What is the crateria to qualify for this?
If not do they offer any special payment plans to try and discourage life settlements? WHat is the criteria to qualify for a special payment plan?
Finally...What is Period Certain Premium Finance Lending???
Posted: Thu Jan 21, 2010 05:34 pm Post Subject:
denardo1, I really can't claim any expertise in premium financing. The basic criteria is being able to afford the loan. In general, premium financing takes place with very large policies and is done under one of two conditions. 1) The policy is being purchased for someone with a high net worth, but isn't very liquid. 2)The person has something better to do with their money than use it to purchase the necessary life insurance. This is basically about leverage.
The insurance companies are doing all that they can do discourage life settlements. They are really bad for the industry as a whole.
Others can correct me and/or add additional information.
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