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HOW PREMIUM PAYING STRATEGIES WORK
You client, as the grantor and working with an attorney, create an ILIT that applies for a life insurance policy on your client, or both your client and your clients spouse’s lives. Next, they enter into an arrangement with the ILIT, employing a number of strategies to provide money to the trust to pay the life insurance premiums.
This brochure highlights three approaches to a premium financing strategy:
- Intra-Family Loan with Liquid Assets
- Asset Sale to an Irrevocable Grantor Trust
- Commercial Premium Financing
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