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Tag: Tax Implications

Advanced Strategies and Key Legal Considerations in Premium Financed Life Insurance

By parkeddkIn BlogPosted December 17, 2024

Premium financed life insurance (PFLI) is pitched to high-net-worth individuals as a highly effective tool for seeking to secure substantial coverage without disrupting liquidity. However, this complex strategy comes with significant legal and financial risks that, if not properly managed, can lead to costly litigation.

Tags: Collateral, Collateral Management, Collateral Requirements, Collateral Substitution Clause, Death Benefit, Financial Planning, High-Net-Worth, Insurance Benefits, Insurance Policy, Interest Rate, Legal Advice, Life Insurance, Misleading Projections, Policy Defaults, Policy Lapse, Premium Financed Life Insurance, Premium Financing, Regulatory Considerations, Tax Implications, Tax Liabilities, The Blog, Transfer-for-value rule
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