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Premium financing is a strategy whereby a qualified borrower accesses third-party financing to pay for large life insurance premiums. This allows individuals and businesses to leverage current assets, maximizing returns via a predetermined cash flow.

This strategy may be useful to high net worth individuals (HNWIs) who don’t want to liquidate assets to pay for costly life insurance premiums outright. But is the practice too risky?

Despite its sometimes maligned reputation, life insurance is a foundational piece of a solid financial portfolio. While some have a strong understanding of the need for life insurance, there are just as many who harbor misconceptions about the product.

We all know the drill about death and taxes. For the first, there's life insurance. But it may surprise some to know that a life policy can also be a solution for the latter.

A wealthy estate is hit with a hefty tax bill, and there may not be enough cash to cover it, since many millionaires and billionaires hold their wealth in investments.

When properly integrated into an overall financial plan, life insurance can help turn highly taxed assets into assets that are never taxed.