Let's discuss one overlooked estate planning tool for high net-worth individuals is called Premium Financing and why Premium Financing should be considered in creating an efficient plan. In one of my recent educational videos, I discuss this estate planning solution and why it should be used.
Premium Financing is a way to use leverage to your advantage when purchasing a large face amount life insurance policy for high net-worth individuals. When I say high net-worth individuals I mean individuals with a net worth of 10 million or higher typically.