That's right - you can leave a Legacy and it won't cost you a cent!
If you have a "heart" for a favorite charity, or two, or more and would like to leave a Legacy, this is a program you much learn more about.
Most Commonly Asked Questions
Q. How can I leave a legacy with no cost?
A. If you qualify, you can leave a legacy to your favorite charity with Premium Financed Life Insurance.
Q. What is Premium Financed Life Insurance?
A. Premium Financed Life Insurance is simply an alternative way for funding a life insurance policy. It will allow you to obtain a significant amount of life insurance with no cost.
Q. How does it work?
A. If you qualify, a bank or financial lending institution that specializes in premium financing will provide the money for all premiums on the life insurance policy.
Q. Why does the lender offer these programs?
A. The lender understands that the policy itself is great collateral. When you die, the lender is entitled to receive their interest in the policy which is equal to the premiums paid and accrued interest. The excess over this amount is given directly to your favorite charity.
Q. Why doesn't everyone buy their policy with financing if it's so good?
A. Not everyone can qualify for the financing program due to age, health and financial underwriting guidelines. However, premium financing is increasingly being recognized by all professional planners as a key tool in the estate planning arsenal.
Q. How old do you have to be to qualify for the program?
A. With the exceptions of rare cases, most applicants are at least 69 or older.
Q. In what state of health must a person be to get accepted to the program?
A. You must be in general good health to qualify. There are always areas of flexibility. Contact us for your specific situation.
Q. How much life insurance can be obtained through the program?
A. Premiums can generally be financed on policies ranging from $1,000,000 to $30,000,000.
Q. Why should I consider this program now?
A. If you qualify today, we can immediately begin work to confirm that you have the insurability that will allow us to lock in a policy at NO cost to you or the charity.
If you would like more information, please contact us today. We are here to answer all your questions and determine if this is a program you should consider.
THE WARNEKE GROUP - "Helping make the complex simple"