Insurance Premium Financing
Life insurance premium finance can allow an insurance policy holder to:
- Utilize a valuable tool to complement wealth transfer planning for the next generation or support business succession planning
- Avoid liquidating current assets, which could mitigate potential tax exposure risk
- Maximize insurance coverage while optimizing cash flow
- Access liquidity at an interest rate that may be less than the return on their current assets
Learn more about the advantages of insurance premium financing and typical ways this strategy is used from Michael Graham, Senior Vice President, Director – Insurance Premium Finance at Commerce Trust.
The Private Bank at Commerce Trust is a business unit of Commerce Trust, a division of Commerce Bank, Member FDIC.
Commerce does not provide tax advice or legal advice to customers. Consult a tax specialist regarding tax implications related to any product and specific financial situation.