Premium financing life insurance is, quite honestly, something that I am only now slowly learning about, despite the fact that I have been in business for myself for the past seven years. I have basic insurance for everything that needs to be ensured, but now that my business has finally taken off and I am about to open three more locations, my financial advisor mentioned to me that I may need to increase my life insurance to include all business branches and assets that I hold.

I was informed that because of my new ventures, my premiums would be increased drastically.  So much that I may need to look into liquidating some of my assets to pay for it. She gave me a bunch of pamphlets and reading material to go over about premium finance life insurance, which involves taking out a loan to pay for my increased life insurance.  While this seemed like a pretty silly idea to me at first, the more I read about it, the more sense it makes to me, money wise.

When I went back to meet with my financial adviser I had a few questions about premium finance fraud and I was assured that the company that I would be dealing with was reputable and had policies in place to prefect theft and fraud.

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