Comments on: Non-recourse premium financing as an investment – for you! http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/ Brought to you by AccuQuote.com, a leading provider in term life insurance for people across the U.S. We're dedicated to providing you with valuable information from experts on the topics of insurance, financial planning and personal finance. Mon, 19 Jul 2010 13:03:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sonny Artusa http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10878371 Sonny Artusa Thu, 06 Mar 2008 21:30:30 +0000 http://blog.accuquote.com/?p=837574#comment-10878371 Not mentioned throughout the blog, life settlements have helped thousands of people who did not need their insurance policies. Its very important to deal with a licensed life settlement broker who knows the market and the accredited funding sources. This is not as simple as buying life or car insurance where online buying is available to anyone with a computer, the life settlement market requires knowledge of an ever changing market. <br>--Sonny Artusa Not mentioned throughout the blog, life settlements have helped thousands of people who did not need their insurance policies. Its very important to deal with a licensed life settlement broker who knows the market and the accredited funding sources. This is not as simple as buying life or car insurance where online buying is available to anyone with a computer, the life settlement market requires knowledge of an ever changing market.
–Sonny Artusa

]]> By: Sonny Artusa http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10878241 Sonny Artusa Thu, 06 Mar 2008 21:23:00 +0000 http://blog.accuquote.com/?p=837574#comment-10878241 In addition to the above comments, the only cases involving murder and life insurance have been cases of family members killing their relatives with large policies where they were the beneficiaries. Please google the Menendez brothers.<br>In terms of taxation: estate tax is not an issue as a trust is used, avoiding probate. Estate Tax 101.<br>The sale of policies are subject to income tax as is any financial transaction. <br>Thanks<br>Sonny Artusa In addition to the above comments, the only cases involving murder and life insurance have been cases of family members killing their relatives with large policies where they were the beneficiaries. Please google the Menendez brothers.
In terms of taxation: estate tax is not an issue as a trust is used, avoiding probate. Estate Tax 101.
The sale of policies are subject to income tax as is any financial transaction.
Thanks
Sonny Artusa

]]> By: Sonny Artusa http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10878236 Sonny Artusa Thu, 06 Mar 2008 21:22:47 +0000 http://blog.accuquote.com/?p=837574#comment-10878236 In addition to the above comments, the only cases involving murder and life insurance have been cases of family members killing their relatives with large policies where they were the beneficiaries. Please google the Menendez brothers.<br>In terms of taxation: estate tax is not an issue as a trust is used, avoiding probate. Estate Tax 101.<br>The sale of policies are subject to income tax as is any financial transaction. <br>Thanks<br>Sonny Artusa In addition to the above comments, the only cases involving murder and life insurance have been cases of family members killing their relatives with large policies where they were the beneficiaries. Please google the Menendez brothers.
In terms of taxation: estate tax is not an issue as a trust is used, avoiding probate. Estate Tax 101.
The sale of policies are subject to income tax as is any financial transaction.
Thanks
Sonny Artusa

]]> By: Sonny Artusa http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10878229 Sonny Artusa Thu, 06 Mar 2008 21:22:13 +0000 http://blog.accuquote.com/?p=837574#comment-10878229 In addition to the above comments, the only cases involving murder and life insurance have been cases of family members killing their relatives with large policies where they were the beneficiaries. Please google the Menendez brothers.<br>In terms of taxation: estate tax is not an issue as a trust is used, avoiding probate. Estate Tax 101.<br>The sale of policies are subject to income tax as is any financial transaction. <br>Thanks<br>Sonny Artusa In addition to the above comments, the only cases involving murder and life insurance have been cases of family members killing their relatives with large policies where they were the beneficiaries. Please google the Menendez brothers.
In terms of taxation: estate tax is not an issue as a trust is used, avoiding probate. Estate Tax 101.
The sale of policies are subject to income tax as is any financial transaction.
Thanks
Sonny Artusa

]]> By: Sonny Artusa http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10878151 Sonny Artusa Thu, 06 Mar 2008 21:16:58 +0000 http://blog.accuquote.com/?p=837574#comment-10878151 Many non-recourse or recourse premium finance programs can be very beneficial to someone who is seeking a large insurance policy who lacks the liquidity to pay for premiums. Some people in the senior market elect to sell, which is within their right, sell their policy and in many cases profit substantially. In cases where they do not profit they can walk away from the policy. For those fortunate enough to qualify it can be very lucrative. <BR>I hope this helps<BR> Many non-recourse or recourse premium finance programs can be very beneficial to someone who is seeking a large insurance policy who lacks the liquidity to pay for premiums. Some people in the senior market elect to sell, which is within their right, sell their policy and in many cases profit substantially. In cases where they do not profit they can walk away from the policy. For those fortunate enough to qualify it can be very lucrative.
I hope this helps

]]> By: Byron Udell http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10393302 Byron Udell Mon, 11 Feb 2008 15:46:08 +0000 http://blog.accuquote.com/?p=837574#comment-10393302 Here\'s the short answer. Have you considered the fact that once the policy is transferred to a third party, you will not have any control over who ends up owning it? There is little, if any, regulation in this area and my biggest fear is that, within a few years, you\'ll have a large bounty on your life, in the hands of someone who has no interest in you living, but rather dying. There are numerous other pitfalls to these schemes (Tax Issues, Availability of insurance in the future, etc.), but no matter what anyone tells you about this not being an issue, the fact is, a multi-million dollar incentive for murder IS an issue. Think about it... most murders that take place for money have much less at stake than in these transactions. <br> <br>I have additional thoughts on this and have been consulted by the media numerous times for comment as well. I\'d be happy to share my experience with you in regard to your specific situation if you call me. I am easy to reach at AccuQuote.com. Here\’s the short answer. Have you considered the fact that once the policy is transferred to a third party, you will not have any control over who ends up owning it? There is little, if any, regulation in this area and my biggest fear is that, within a few years, you\’ll have a large bounty on your life, in the hands of someone who has no interest in you living, but rather dying. There are numerous other pitfalls to these schemes (Tax Issues, Availability of insurance in the future, etc.), but no matter what anyone tells you about this not being an issue, the fact is, a multi-million dollar incentive for murder IS an issue. Think about it… most murders that take place for money have much less at stake than in these transactions.

I have additional thoughts on this and have been consulted by the media numerous times for comment as well. I\’d be happy to share my experience with you in regard to your specific situation if you call me. I am easy to reach at AccuQuote.com.

]]> By: Kathryn R. Morris http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-10391228 Kathryn R. Morris Mon, 11 Feb 2008 14:35:12 +0000 http://blog.accuquote.com/?p=837574#comment-10391228 I have been approached to purchase a Non Recourse Premium Financing Insurance Policy for Seniors. I am in excellent health and have just had the required physical and have been approved for the policy. I am 77 yrs. old and would like to consider this through Equitable Life Ins. Co. Would you recommend it or what would be the down falls. I have been approached to purchase a Non Recourse Premium Financing Insurance Policy for Seniors. I am in excellent health and have just had the required physical and have been approved for the policy. I am 77 yrs. old and would like to consider this through Equitable Life Ins. Co. Would you recommend it or what would be the down falls.

]]> By: Byron Udell http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-9687606 Byron Udell Mon, 07 Jan 2008 10:11:38 +0000 http://blog.accuquote.com/?p=837574#comment-9687606 Since we have never been a party to these transactions, I'm not sure which insurance companies have gone to the lengths of rescinding the policies. I can tell you that many companies have stated their official opposition to this practice (for obvious reasons), and many of those have modified their application questions, as well as their inspection reports, and agents' statements, to weed out these transactions. Since we have never been a party to these transactions, I’m not sure which insurance companies have gone to the lengths of rescinding the policies. I can tell you that many companies have stated their official opposition to this practice (for obvious reasons), and many of those have modified their application questions, as well as their inspection reports, and agents’ statements, to weed out these transactions.

]]> By: Rod Moss http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-9662895 Rod Moss Sat, 05 Jan 2008 18:07:03 +0000 http://blog.accuquote.com/?p=837574#comment-9662895 I am new to this premium financing business and have clients that fit the mold but am concerned re the negative publicity re nonrecourse policies. If a client should want tsell their policy after a couple of years, I don\'t want them or me to get hurt doing something that was not ethical. <br><br>What is involved for the client re recourse policies? Do they have to put up collateral? Are their policies collateral for the loans as well? Any info you can give me will be helpful. If I want to place business, do you broker it? If not who is reliable?<br>Thanks,<br>Rod Moss I am new to this premium financing business and have clients that fit the mold but am concerned re the negative publicity re nonrecourse policies. If a client should want tsell their policy after a couple of years, I don\’t want them or me to get hurt doing something that was not ethical.

What is involved for the client re recourse policies? Do they have to put up collateral? Are their policies collateral for the loans as well? Any info you can give me will be helpful. If I want to place business, do you broker it? If not who is reliable?
Thanks,
Rod Moss

]]> By: rich athan http://blog.accuquote.com/2006/10/24/non-recourse-premium-financing-as-an-investment-for-you/comment-page-1/#comment-9645893 rich athan Fri, 04 Jan 2008 17:35:29 +0000 http://blog.accuquote.com/?p=837574#comment-9645893 I have heard the insurance companies are starting to recind policies if they are found to have been sold for this stated purpose. What companies are doing this and how are they checking applications for financing? I have heard the insurance companies are starting to recind policies if they are found to have been sold for this stated purpose. What companies are doing this and how are they checking applications for financing?

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