We worked our whole life in preparation for retirement and now we are approaching our seventies and we are able to say that we have a home by the beach and a piece of property that are paid off.  We have seen the value fluctuate dramatically so we met with our banks financial advisor to make sure we are making the best decisions for our assets and protected our children’s inheritance.

Surprisingly our bank brought to our attention that we have more of our capital invested in our realty than we do in hard cash.  Therefore they recommended we review our life insurance to pay our increasing real estate taxes.  Life insurance premium financing wasn’t something we had thought about as a solution but after we weighed our options it seemed like the best thing to do to protect our monetary welfare.

We reviewed our life insurance and discovered we were able to initiate premium financing for life insurance at a reasonable interest rate.  We are happy to find out that we will only pay 1% in addition to prime and will be able to pay back what we borrowed in a few years.  Thanks to the premium financing we won’t have to agonize about the taxes on our property or worse have to use all of our cash to pay them.

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