Changing the Game in Premium Finance.
Exclusively for high net worth individuals in a range of industries, JlB Premium Finance is becoming the premier choice to handle your insurance financing needs.
Who we are
After being in a coma for 10 days from a bad car accident, I was “uninsurable”. Uninsurable, meaning, I could no longer get life insurance because of the car wreck I had been in in 2013 (about 17,000 car accidents happen in the U.S. every day). That’s when I realized how important it is to get life insurance early when we are young and healthy. I felt that I needed to help other people get life insurance coverage while they still could.
Over the past 10 years, I have worked with the Top 3 Insurance companies; MassMutual, New York Life and Northwestern Mutual.
I learned the intricate details of life insurance and I became very good at helping people find the best policy for themselves and/or for their family members, while also understanding how to help my ultra high-net-worth clients, for $0 premium.
By allowing Premium Financing to cover all of the premium payments, my clients do not need to liquidate their assets for their premium payments. Since the strategy I use for my clients requires zero monthly premium (zero cash payment is due and zero interest), that frees up their funds for capturing other opportunities, investments and/or expenses.
If you have any questions, feel free email me at Jessica@JLBPF.com and we can set up a call.
Premium financing uses borrowed money to pay for life insurance premiums. This is most often done in conjunction with very large policies so that the policy owner does not need to tie up their own capital. Instead, the capital is used as collateral for the loan.
Premium-Only Financing — This arrangement occurs when an individual borrows funding for premiums and pays the interest out-of-pocket.
Premium and Interest Financing — this arrangement occurs when an individual borrows both the premiums and interest on a loan and does not have an annual outlay.
JlB Premium Finance can help you understand what the best strategy will be for your specific situation.
Premium financing can also prevent the insured from triggering capital gains taxes had they liquidated assets to let them pay for the premium upfront.
Although the strategy is appropriate for some individuals, it does pose certain risks that should be considered before making any decisions
What we do at JLB Premium Financing?