Episode 105: What is Premium Financing? With Mark Willis, CFP®

Have you heard of premium financing? If you've been researching the Bank on Yourself Concept as well as cash value whole life insurance, then you may have recently learned about premium financing. Premium financing is a complex subject that requires careful consideration and research. Check out this episode with Certified Financial Planner, Mark Willis of Lake Growth Financial Services, to learn more about premium financing and how it works. 🔥 This episode talks about: ☑️ ​What is premium financing and how does it work? ☑️ The repayment structure and interest rates typically involved  ☑️ The benefits and risks associated with premium financing? ☑️ How does collateral work in premium financing and what other assets are typically required as collateral? ☑️ The potential risks associated with using Index Universal Life (IUL) in premium financing  ☑️ What is the primary purpose of premium financing and how does it relate to estate planning? ☑️ How does premium financing compare to a non-direct recognition whole-life policy in terms of cash accumulation and risk? ☑️ The advantages of utilizing a non-direct recognition whole-life policy over premium financing in terms of risk management and long-term financial planning. To connect with Mark Willis, please visit: 👉Website:➡️https://lakegrowth.com/ 👉Linkedin: ➡️https://www.linkedin.com/in/marklakegrowth 👉Facebook: ➡️https://www.facebook.com/lakegrowth 👉Twitter: ➡️https://twitter.com/LakeGrowth 👉Instagram: ➡️https://www.instagram.com/notyouraveragefinancia/ 👉YouTube:➡️https://www.youtube.com/channel/UCw-DvhKT2EaPFdncLy39LIQ 👉Not Your Average Financial Podcast: ➡️https://nyafinancialpodcast.com/ 👉Book: 📚 Amazon: Mark Willis Book 👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com 👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins 📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com 🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.