There are many kinds of financing tools to be equipped and enjoyed by a policy-holder.
72% of high net worth individuals choose to premium finance their universal life insurance policies, according to research by Capital for Life.research by Capital for Life
Premium financing is a loan which is used to buy a life insurance policy. The loan is secured against the cash surrender value of the life insurance policy. Loans are offered by third-party lenders like private banks and life insurance finance companies.