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Why Consider Premium Financing?
In the right circumstances, financing your life insurance premium can offer a better rate of return than paying your premium out of pocket.
By strategically borrowing funds at a competitive interest rate to cover your premium, you can minimize the need to liquidate assets. If those assets perform more favorably than the interest rate charged on the loan, the after-tax cash flow can be deployed elsewhere.
Obtain Significant Life Insurance
Fund or pay for life insurance coverage for critical estate planning or business succession purposes.
Retain Capital
Avoid liquidating potentially appreciating assets in your existing portfolio.
Improve Liquidity
The death benefit proceeds can provide necessary liquidity for beneficiaries or businesses. If properly structured, the proceeds can be paid outside of the insured's or grantor's taxable estate.
Reduce Exposure to Income or Capital Gains Taxes
Liquidated assets may trigger income or capital gains taxes. Borrowing funds to pay premiums may help defer the recognition of taxable gains on appreciated assets until they can be disposed of in a tax-advantaged transaction or at death, provided a step-up in basis is available.
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All loans subject to credit approval. Not a deposit product or other obligation of, or guaranteed, by the bank or an affiliate of the bank. Not insured by the FDIC or any agency of the U.S. government, the bank, or an affiliate of the bank. Investment products may lose value. Ameris Bank does not provide tax or legal advice. Each individual’s tax and financial situation is unique. You should consult your tax or legal advisor for advice and information concerning your particular situation.