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Premium Financing

by: Peddler

Mon Oct 08, 2007 at 10:28:42 AM EDT


( - promoted by jczacher)

Premium Financing involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a "Premium Financing Company"; however insurance companies and brokerages occasionally provide premium financing services.

To Premium finance, the individual or company requesting insurance must sign a premium finance agreement with the premium finance company. The loan arrangement may last from one year to the life of the policy. The premium finance company then pays the insurance premium and bills the individual or company, usually in monthly installments, for the cost of the loan.

Types of Premium Finance

* Traditional - The client enters a fully collateralized loan arrangement with the intention of holding the life insurance policy to maturity. Traditional financing arrangements are generally purchased for estate liquidity needs and offer the most advantageous loan rates, fees, and spreads. The client may have an exit strategy using other assets in the estate. Traditional finance is particularly effective for clients who have a large but illiquid net worth.

* Non-Recourse - A third party purchases insurance on the client and assumes the death benefit and premium payments. Non-recourse is not an acceptable life insurance sale in many circumstances due to a lack of insurable interest. Non-recourse transactions may pose hidden tax and liability risks to the insured.

* Hybrid - Partial recourse financing that is generally designed for a short time horizon (2-5 years). Hybrid financing is typically designed for an exit via the secondary (settlement) market. Loan terms may include substantial arrangement fees (up to 2% of the death benefit), large loan spreads, and a cut of the producer's compensation.

Source: http://en.wikipedia.org/wiki/Premium_Financing

Related Pages

Wikipedia Premium Finance
Aussieweb Premium Finance
WestpacPremium Finance
 

Right on Brother Obama!!!

by: Peddler

Mon Oct 08, 2007 at 10:28:42 AM EDT


( - promoted by jczacher)

Religious intolerance is a hot topic and if you hold to the accepted rules of engagement in political campaigning, a church pulpit is supposed to be off limits.  We live in a country where seperation of church and state is taken to extremes.  Even to the point where local governments, school boards, and other non-federal agencies have denied the traditional prayer before an activity.  Nativity scenes have been removed from public property because in the minds of the governing authorities, such a scene promotes a certain religious viewpoint.  The Ten Commandments cannot be publicly displayed in most cities, government offices, etc. anymore.

But, now we read about growing instances when a local government will go out of its way to accomodate Muslims and their practice of faith.  Some cities are planning to construct foot bath accomodations for Muslims.  I guess as long as it is not connected to the Christian faith, it is acceptable.

But, back to the subject of politicians in pulpits.  Obama attended a church service and spoke to the congregation on Sunday.  He called for a heaven on earth, unity, and all of the appropriate passages utilized by a politician to drum up support among the faithful. 

My question is simple.  What gives a politician the right to go into an African American church on Sunday morning, have access to the pulpit and deliver a "sermon" if you will and not be held accountable?  If the same venue were to be used in a predominantly caucasian church and if the politician happened to be a Republican, you can rest assured that the outcry from the media would be loud, long, and persistent. 

If we are to be a country where separation of church and state is the norm and if churches enjoying a tax free status violate or abuse the privilige, shouldn't the church in question lose this generous status?  Much like the faith based initiative from the Bush administration, I felt this was a move crossing the fine line of separation.

Peddler :: Right on Brother Obama!!!
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right on brother obama !!! (0.00 / 0)
I do not agree that any politician should be in a church giveing a speech no matter who you are. If they are going to keep the church separated from state then they need to stay out of church preaching. In GOD i trust and always will no one can take that away from me, they can take it out of everything and off of everything, but they can't take it away from those who believe in him. I think it should be put back where it belongs and the Ten Commandments should hang in every courtroom. Isn't that what our laws are based on???  

Obama's brother (0.00 / 0)
HE may be living in a Bracknell council house, but soon he could be dining with his brother at the White House. The Sun was the first newspaper to track down and speak to Bernard Obama.And he said of Democrat candidate Barack,"I'm very proud of my big brother".
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South Carolina Treatment Centers


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