Premium financed life insurance (PFLI) is pitched to high-net-worth individuals as a highly effective tool for seeking to secure substantial coverage without disrupting liquidity. However, this complex strategy comes with significant legal and financial risks that, if not properly managed, can lead to costly litigation.
Top 5 Mistakes to Avoid in Premium Financed Life Insurance
Premium financed life insurance can be a powerful tool for high-net-worth individuals looking to secure large life insurance policies without tying up or liquidating their assets to pay premiums. At its most basic level, premium financed life insurance involves taking out a loan from a lender to cover the cost...