Premium Finance

Leveraged Premium Finance Illustration

A lender funds your annual premium. Your policy grows. At exit, the loan is repaid — and the net death benefit is your legacy.

Net DB at Life Expectancy
$2.91M
est. age 85 · M · after loan repayment
Self-Funded Comparison
Premium Finance

Case Design Mode

Choose a structure that matches your client’s cash flow profile and exit strategy

Age 50 · $350,000/yr

Full Premium Finance Picture

All four lines — loan, cash value, total DB, and net DB

5051525354555657585960616263646566676869707172737475767778798081828384858687888990Age$0$3.50M$7.00M$10.50M$14.00MRetirement
  • Loan Balance
  • Total Cash Value
  • Total Death Benefit
  • Net Death Benefit
Loan balance (principal + accrued interest)Total cash valueTotal death benefit (base + PUAs)Net death benefit (DB − loan)

Rate Sensitivity Analysis

How the net death benefit changes across three loan interest rate scenarios

Balanced (Pay then Capitalize)Base: 5.5%
Low Rate4.0%
Loan at Retirement
$2.59M
Net DB at Retirement
$7.71M
Net DB at Age 90
$5.26M
Leverage at Retirement
4.0×
Net DB / Total DB75%
Base Rate5.5%
Loan at Retirement
$2.99M
Net DB at Retirement
$7.31M
Net DB at Age 90
$769K
Leverage at Retirement
3.4×
Net DB / Total DB71%
Stress Rate7.5%
Loan at Retirement
$3.61M
Net DB at Retirement
$6.69M
Net DB at Age 90
$-9.83M
Leverage at Retirement
2.9×
Net DB / Total DB65%
ScenarioRateLoan @ RetirementNet DB @ RetirementNet DB @ Age 90Leverage
Low Rate4.0%$2.59M$7.71M$5.26M4.0×
Base Rate5.5%$2.99M$7.31M$769K3.4×
Stress Rate7.5%$3.61M$6.69M$-9.83M2.9×
Low Rate = Base − 1.5%  ·  Base = current slider rate  ·  Stress Rate = Base + 2.0%
Total DB at Retirement
$10.30M
+12% from PUAs
Base $9.17M + PUA growth
Loan at Retirement
$2.99M
5 yrs financed @ 5.5%
Repaid from policy proceeds at exit
Leverage Ratio
3.4×
DB is 3.4× the loan
Death benefit relative to outstanding loan
Net DB at Age 85 (est. LE)
$2.91M
After full loan repayment · SSA 2021 male period life table +3 yr affluent adjustment
True legacy to heirs — income-tax-free
How Premium Finance Works
1Lender Funds Premium

A third-party lender pays the $350,000/yr premium for 5 years. The client posts collateral (typically a letter of credit) and pays interest annually.

2Policy Grows

The whole life policy accumulates cash value and a growing death benefit via Paid-Up Additions. By retirement, the total death benefit reaches $10,296,957 —3.4× the outstanding loan.

3Loan Repaid at Exit

At death or policy surrender, the outstanding loan of $2,989,253 is repaid from policy proceeds. The remaining $7,307,704 passes income-tax-free to heirs.

Key Risks to Understand

Premium finance is a sophisticated strategy suited for high-net-worth clients. Rising interest rates increase the loan balance faster than illustrated. If the policy's cash value falls below the loan balance, the lender may require additional collateral or force a policy surrender. Lender renewal risk (loan called at maturity) must be managed. This illustration is for educational purposes only and does not constitute financial advice.

Year-by-Year Snapshot

Key milestones across the policy timeline

AgeLoan BalanceTotal Cash ValueNet EquityAnnual OOP CostTotal Death BenefitNet Death BenefitLeverage
50$350,000$119,175-$230,825$19,250$9,308,137(+1%)$8,958,13726.6×
55$1,750,000$1,211,999-$538,001$96,250$9,932,430(+8%)$8,182,4305.7×
60$2,287,180$1,492,440-$794,740$10,096,879(+10%)$7,809,6994.4×
65Retirement$2,989,253$1,838,036-$1,151,217$10,296,957(+12%)$7,307,7043.4×
70$3,906,834$2,263,985-$1,642,849$10,540,381(+15%)$6,633,5472.7×
75$5,106,076$2,789,044-$2,317,032$10,836,545(+18%)$5,730,4692.1×
80$6,673,437$3,436,367-$3,237,070$11,196,873(+22%)$4,523,4361.7×
85$8,721,915$4,234,537-$4,487,378$11,635,267(+27%)$2,913,3521.3×
90$11,399,194$5,218,846-$6,180,348$12,168,640(+33%)$769,4461.1×
Illustration purposes only. Assumes level loan interest rate and level dividend/CV growth. Actual results will vary. Consult a licensed financial professional and qualified lender before implementing a premium finance strategy.