Self liquidating loan scam

Consideration should also be given to the potential impact of estate taxes at the state level. Bank or a third-party lender to make premium payments, with gifts or exemptions covering the annual interest costs on the borrowed amount.Financing life insurance may allow you to amplify the power of these exemptions. The fundamentals of financing life insurance premiums for a trust Obtaining life insurance-premium financing is a customized process designed to address needs that are unique to each individual.

self liquidating loan scam-56

If financing is selected as the preferred funding option, your Ascent team reviews the life insurance policy and its design to assure the structure and costs of the policy are appropriate for the financing strategy.

We then carefully evaluate the potential client's financial circumstances and determine if and how a loan can be structured and if it's sufficient to meet the terms of the policy. Periodic interest payments are required throughout the term of the loan, even though principal is not typically repaid at that time.

Premium financing may also provide certain tax advantages, which should be discussed with your tax advisor.

If you've already established a financing arrangement to pay premiums on an existing policy, it may be worth considering whether refinancing the loan makes sense.

As an alternative approach to funding a policy, you may want to consider the potential advantages of financing life insurance premiums, which may provide a policy owner more financial flexibility.

This approach involves leveraging your existing assets rather than liquidating them.Login or register (free and only takes a few minutes) to participate in this question.You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them).A comparison of terms between your existing premium financing plan and an updated arrangement can help determine if refinancing is a cost-efficient option.As with any complex financial strategy, consult with your financial, legal and tax advisors to assess the benefits of a financing approach to premium payments.Joe and Maria, both age 65, started their first grocery store 40 years ago.

Tags: , ,