The Facts About Premium Financing of Life Insurance

Is This New Life Insurance Tool Right For You?

SAN DIEGO, March 26 /PRNewswire/ -- Premium financing has become a very
important topic in the insurance industry. Premium financing of life insurance
is a way for high-net-worth individuals, over the age of 55, to obtain the
life insurance coverage they need without having to divest high yielding
assets.
Life insurance premium financing is a tool, offered from a premium finance
company, that an individual with substantial assets uses to cover the upfront
costs and premium payments on a life insurance policy. Individuals often
choose this course if they require a large amount of life insurance and do not
want to pay the out-of-pocket costs. Premium financing makes the most sense
when an individual wishes not to liquidate high yielding assets to cover the
costs of a life insurance plan.
"Premium financing done right can be a great tool for our clients," notes
Robert Hamzey, President of BCAJ Southern California Insurance Center, a
company that offers premium financing services to clients. "The main use of
this method is to allow our clients to use their capital more efficiently for
themselves."
Most premium financing policies require at least $2.0 million in net worth
and $100,000 a year in net income. The person insured under the life insurance
policy has the option after 24 months to pay off the loan and maintain the
insurance policy or they can retire the policy in a life insurance settlement.
BCAJ Southern California Insurance Center is dedicated to serving the
investment needs of their clients. With an exceptional team of attorneys,
accountants and planners on staff, BCAJ provides clients with the financial
expertise to protect and grow their portfolio and realize their long-term
goals. Included in the investment offerings of BCAJ Southern California
Insurance Center is the Omega Life Settlement Fund, an excellent long-term
high yield investment.
To learn more about premium financing, life settlements or investing in
the Omega Life Settlement Fund managed by BCAJ Southern California Insurance
Center, please contact Robert Hamzey, at (760) 685 - 7466 or at
http://www.southerncaliforniainsurancecenter.com
SOURCE BCAJ Southern California Insurance Center

Robert Hamzey, +1-760-685-7466, BCAJ Southern California Insurance