1 / 11

P P F

P P F. Professional Pension Fund. ROFESSIONAL. PENSION. FUND. P P F. Q. What is Premium Financing on Life insurance Policy?. ROFESSIONAL.

abrial
Download Presentation

P P F

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. P P F Professional Pension Fund ROFESSIONAL PENSION FUND

  2. P P F Q. What is Premium Financing on Life insurance Policy? ROFESSIONAL The simplest answer is: Just like you buy or build a Hotel/ Motel with the bank giving you a loan. You can buy life insurance as you do real estate – with other people’s money (OPM) – except with our concept, you need not reach into your cash pocket to repay either principal or interest. The financing is self-liquidating. PENSION FUND

  3. P P F Q: Why does the bank finance Life Insurance Policies? ROFESSIONAL Ask yourself what business is the bank in? The banking business is to finance viable projects to credit worthy clients to earn interest and get principal back along with interest income to the bank. PENSION What is the best viable project for a bank than the guarantee that all that are born will die some day? This is when the Bank gets its Principal & Interest if not paid early from policy cash values. The bank cannot profit from your death. All they can get is the loaned amount and accrued interest due. FUND

  4. P P F Q. Is this a new concept? ROFESSIONAL No not at all. Premium financing on Life Insurance has been around for many years and is used for high net worth clients worth more than $ 5 Million. These people may qualify for zero pay or minimum pay. PENSION Those with a net worth of $500,000 -$950,000 Can qualify for premium finance by paying the interest rate and sometimes a portion on the premium 10% - 25%, fico scores may influence the percentages. FUND

  5. P P F Q: Is this too good to believe? ROFESSIONAL I don’t think so. Is residential loan for 30 or 40 years too good to believe? No, because you see it happening all the time. Well, this is almost the same concept except that the loan period is indefinite (up to life expectancy) and loan interest is accruing for the life of the Insured. In a residential loan your Home is collateral and in premium financing, your life insurance policy is collateral to the bank along with temporary collateral required for certain number of years, for accrued loan interest. PENSION FUND

  6. P P F Q: How come everybody does not buy only financed policies? ROFESSIONAL Everyone does not qualify for such policies. Only a small percentage of high net worth people may qualify and most people are not exposed to such sophisticated ideas. PENSION FUND

  7. P P F Q: How come everybody does not buy only financed policies? ROFESSIONAL Everyone does not qualify for such policies. Only a small percentage of high net worth people may qualify and most people are not exposed to such sophisticated ideas. PENSION FUND

  8. P P F Q. What are the steps to complete the program? Step 1: Present Illustration Step 2: Apply for Life Insurance Step 3: Health Evaluation Step 4: Underwriter Step 5: (ILIT) Trust Step 6: Financial Pledge Step 7 : Bank approval Step 8: Policy is delivered ROFESSIONAL PENSION FUND

  9. P P F WEALTHPRESERVATION ROFESSIONAL If you have any questions or concerns please contact us at 866.778.0002 O. 866.778.0019 F. www.ppfhome.com PENSION FUND

  10. P P F ROFESSIONAL PENSION FUND

  11. P P F ROFESSIONAL PENSION FUND

More Related