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Ronnie Katz, CPA and President of Finance For Life comments on the expansion, “We are adding to our existing products and services to meet the demands of our expanding client base. Due to our excellent relationships with GA’s and premium finance lenders, we are able to offer agents more compensation and better results in getting cases successfully premium financed. We have added staff to assure efficient operations and the very best in customer service and support.”

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Finance For Life, an industry leader in premium finance since 2005, announced the addition of several new company hires. They are:

Tina England joins Finance For Life as Executive Assistant. She has a strong background in paralegal work and office administration. Ms. England will act as the personal assistant to the President, Ronnie Katz, and will handle most of the duties relating to office management.

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Mr. Mark E. Ross, Chairman of the American Life Insurance Congress, Inc. appeared before the Congressional Joint Committee on Taxation to view the emerging secondary life insurance markets and their income tax effects on policyholders, notably senior citizens.

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Life insurance premium financing is a tool, offered from a premium finance company, that an individual with substantial assets uses to cover the upfront costs and premium payments on a life insurance policy. Individuals often choose this course if they require a large amount of life insurance and do not want to pay the out-of-pocket costs. Premium financing makes the most sense when an individual wishes not to liquidate high yielding assets to cover the costs of a life insurance plan.

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If you want to sell your life insurance, you may have to hurry.

Wealthy people and retirees who don’t feel they need life insurance anymore were historically able to sell their policies, usually for a premium. But that might change as a fight brews between a growing secondary market and the insurers.

The secondary market — known as life settlements — is coming under fire from the life insurance industry.

Life settlement companies buy policies that build up a cash value, such as universal life policies.

Sometimes they buy convertible term-life policies. Or, if the policyholder’s life expectancy is short, they may buy regular term-life policies.

The idea is to offer the policyholder more than they would get in cash surrender value (as in universal life policies) or some portion of the face value (in term life).

Life settlements have been around in various forms for centuries. But recently they’ve grown enough to raise the ire of life insurers.

Financing insurance premium today is a task which many companies have taken up as the number of person opting for premium financing is growing day by day. People have understood the benefits of going for premium financing. For this purpose many companies are set up who only looks after this matter of financing the premium of the insurances purchased by the common people as well as the companies. This has led the people as well as the companies to keep their asset for later use and also has helped them to buy more and more insurances to secure their future. But people need to choose the right plan for premium financing otherwise they might fall into trouble. There is a right way and there is a wrong way to finance for a life insurance. On the other hand there is also the best plan for premium financing which is offered. The plan has today achieved a good name by providing great plan and services. In today’s industry premium financing is a most talked about topic as well as the most debated.

Cambridge Financing Company or better known as CFC has made a place in the market of premium financing of life insurance. Their strategies of premium financing along with their strategic partners has been able to create a better premium financing program. In addition to the insurance policy they also provide additional collateral without the requirement of personal guarantee.The Cambridge program provides few opportunities to its customers. They arrange for loans with the required collateral. Interest rates and loan terms are extremely competitive from above 2 years. The policy can be financed by using the most favorable loan terms and very less additional collateral requirements. Significant amount of insurance policy can be obtained with a minimum initial cost and hence the policy holder does not have to take out much money from his pocket.

The Premium Financing Specialists are also known as the PFS. It was founded in the year 1977. At that time it had a single office in Kansas City, Missouri. PFS Today is a renowned name in this field. It is a twenty five year old company and in its twenty five year old career it has become the fourth largest premium finance company in the United States of America in premium dollars financed and on the other hand it is the number one in the number of accounts financed. In the recent years it has developed many branch offices to help the regional insurance industries. The company has about thirty five marketing representatives and 22/19 full service branch offices throughout the United States. Premium finance is usually for those people who buy insurances of great amount of money but in PFS we find that they encourage the financing of small premiums. They finance accounts as low as $2000 and under. The company is quite competent to understand and look after the individual needs of each broker as well as agents. The company is extremely competitive on large accounts due to its financial strength and support. The company is working quite good and has also got a four star on five. Many companies have a sizeable amount of money as their invoices which often lead to cash crunch and hence it is necessary for these companies to go for the premium finance specialists to ensure their monetary safety. It also helps them to save their money totally for the purpose of the company and do not require the money to give the premium of the insurances. The premium financial specialists are important for companies in all types of industries specially for ensuring smooth cash flow.

The service of these premium financing specialists might be a bit costly. It is surely costly when it is compared to other financing options. Selection specialist should be such that they do not harass people.

The term Premium Financing refers to the lending of money to an individual to cover the cost of insurance premiums. Premium financing services are occasionally provided by the insurance companies and brokerages but are often provided by third party finance companies. After this the premium finance company pays the premium of the insurance and sends the bill to the person or the company. The bill is usually in monthly installments. The loan contract lasts for the life of the insurance coverage. The clients who buy the insurances associate it with their estate planning and hence it is a known fact that they will have material assets. The owners of life insurance policies are trusts which cannot be reversed and other such similar entities. The persons who market life insurance or the clients negotiate financial agreements with the Premium Financing Companies. The facility of considering these lending institutions are that as these companies pay the premium, the assets of an individual or the company, which otherwise would have been used to pay the premium by liquidating those assets can be invested. The funds could also be saved and can be used to invest them elsewhere. The other advantage is that financing helps avoid making gifts to trusts. Financing should be done only for premium purpose; it is not suitable for paying the interests. The premium should be financed but the interests must be paid annually.

Premium financing has a lot of benefits and hence must be taken up to make insurance much easier. Many policies can be attached to a single premium finance contract. This allows for a single payment plan to cover all the insurance coverage.

Life insurance is usually taken by individuals who need to insure their business planning, estate planning or income replacement. But today a layman also buys a life insurance. He insures his life, so that after their death the insurance money can be used by his or her family members. Previously it was only for the wealthy individuals, now it is found in every household. In this case premium financing means the funding of the purchase of a life insurance by the premium finance companies. This is done so that the assets of the person do not need to be liquidated to pay the money. The program of premium financing is developed jointly by the carriers who provide with the insurance and the lenders who provide the finance. The carrier of the insurance program is not a party to this whole financing program. There are various plans and each plan differs from the other. Each plan has its benefits and disadvantages. The prospect of getting the facility of premium financing begins from $5,000,000 to 10,000,000. In most of the cases it is seen that premium finance plan is availed by a trust, corporation or partnership. They do this as it lets them deposit the money in other efficient usages. In business it is a practice to use other people’s money to achieve any financial objectives, similarly with the help of premium financing other people’s money can be used to achieve one’s estate planning as well as receive a better insurance and protection for one’s family. Any individual who wants to make a good future planning has to purchase insurances.

The benefit of using the premium finance is that they can purchase more insurance other than life insurance and give their family a better future in the absence of that particular person.

The life insurance premium finance program gives facility of life insurance not only limited to the liquid assets that the person has but also the use illiquid assets as collateral.

The Premium Financing Specialists are also known as the PFS. It was founded in the year 1977. At that time it had a single office in Kansas City, Missouri. PFS Today is a renowned name in this field. It is a twenty five year old company and in its twenty five year old career it has become the fourth largest premium finance company in the United States of America in premium dollars financed and on the other hand it is the number one in the number of accounts financed. In the recent years it has developed many branch offices to help the regional insurance industries. The company has about thirty five marketing representatives and 22/19 full service branch offices throughout the United States. Premium finance is usually for those people who buy insurances of great amount of money but in PFS we find that they encourage the financing of small premiums. They finance accounts as low as $2000 and under. The company is quite competent to understand and look after the individual needs of each broker as well as agents. The company is extremely competitive on large accounts due to its financial strength and support. The company is working quite good and has also got a four star on five. Many companies have a sizeable amount of money as their invoices which often lead to cash crunch and hence it is necessary for these companies to go for the premium finance specialists to ensure their monetary safety. It also helps them to save their money totally for the purpose of the company and do not require the money to give the premium of the insurances. The premium financial specialists are important for companies in all types of industries specially for ensuring smooth cash flow.

The service of these premium financing specialists might be a bit costly. It is surely costly when it is compared to other financing options. Selection specialist should be such that they do not harass people.