Kim Purnell
A Wix Legend Marketplace Agency
CLIENT RESOURCES
Premium Financed Life Insurance
Premium financing life insurance uses borrowed money to pay for life insurance premiums.
This is most often done in conjunction with very large policies (that pay very large death benefits), so that the policy owner does not need to tie up their own capital. Instead, the capital is used as collateral for the loan.
Life insurance premium financing uses borrowed money to fund insurance policy premiums. Those with very large life insurance policies may find this option attractive in lieu of liquidating assets¹.
(1) Life Insurance Premium Financing: Worth the Risk? - Investopedia. https://www.investopedia.com/insurance/life-insurance-premium-financing-worth-risk/.
(2) Premium Financing For Life Insurance (An Easy How-To Guide). https://abramsinc.com/premium-financing-life-insurance/.
(3) Premium Financing: Leverage for Life Insurance | Lifetime Financial .... https://www.lifetimefinancialgrowth.com/blog/premium-financing-leverage-for-life-insurance.
(4) Life Insurance Premium Financing: What You Need To Know - Forbes. https://www.forbes.com/sites/forbesbusinesscouncil/2020/10/23/life-insurance-premium-financing-what-you-need-to-know/.
(5) Premium Financing: An Option For Disappointed Life Insurance ... - Forbes. https://www.forbes.com/sites/forbesfinancecouncil/2021/07/08/premium-financing-an-option-for-disappointed-life-insurance-policyholders/.
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Florida
A000000
[Mobile Phone]
321-327-9049
Insurance & Retirement Planning Specialist
Kim Purnell
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Adaptive Marketing Group, LLC
898 Glendale Ave Palm Bay, FL 32907
Florida
A000000
[Mobile Phone]
321-327-9049
Insurance & Retirement Planning Specialist
Kim Purnell
FINRA, or the **Financial Industry Regulatory Authority**, is a self-regulatory organization that oversees the brokerage industry. FINRA has rules and guidance on disclosure in advertising and other communications with the public ?.
FINRA encourages members to be precise and succinct in their explanations and disclosures. Members often include in their communications disclosures that are not required by the rules, and FINRA does not object to additional explanations or information beyond what is required for rule compliance ?.
You can learn more about FINRA's rules and guidance on disclosure from their website ?.
Source: Conversation with Bing, 6/28/2023
(1) Regulatory Notice 19-31 | FINRA.org. https://www.finra.org/rules-guidance/notices/19-31.
(2) Advertising Regulation | FINRA.org. https://www.finra.org/rules-guidance/key-topics/advertising-regulation.
(3) Disclosure Report Cards | FINRA.org. https://www.finra.org/compliance-tools/report-center/disclosure.