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Insurance Premium Financing Services overview

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Insurance Premium Financing Services overview

Helping you serve your most important clients

Your clients look to you to provide thoughtful, strategic options to help take advantage of opportunities in today’s complex marketplace. For many high net worth clients, a primary objective is to establish and fund their legacy through life insurance, but liquidating assets to fund the large premiums can be a barrier.

To preserve cash to cover estate settlement costs, wealth transition and tax planning, clients can use insurance premium financing to leverage their existing assets to fund their life insurance policy.

Insurance Premium Financing Services overview

Share our Wealth Management insights on insurance premium financing with your clients.

Insurance Premium Financing insights paper
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Key steps in the process

U.S. Bank offers a customized process to help professionals execute an insurance premium financing strategy. Three key steps include:

 

STEP ONE: Assessing insurance needs and funding options

After identifying the specific role life insurance can play in the client’s financial plan, determine the approximate cost of premiums and if financing is appropriate.

STEP TWO: Obtaining financing from U.S. Bank

Once the client applies for financing, U.S. Bank begins a thorough process to determine the financing approach that is most suitable for the client. Then we identify collateral to be used to obtain the loan and an exit strategy to ultimately pay down the principal value of the loan.

STEP THREE: Putting proceeds to work

When financing is obtained, the borrower can begin applying proceeds from the loan toward the policy’s premiums. For an IPF loan, initial repayment is typically done with an interest-only structure.

Dedicated team of experts


Our dedicated team of insurance premium finance experts are committed to providing best-in-class service to your clients. They’re familiar with the intricacies of the insurance premium finance space and have experience with negotiating lending terms, loan approval and closing, ongoing monitoring of the portfolio, as well as credit review and renewals.

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Why us

Our approach to insurance premium financing leverages the broad-based capabilities of U.S. Bank, the fifth-largest commercial bank in the U.S., which has a 150-year history of meeting the needs of individuals and institutions across the financial spectrum.

For the 8th consecutive year, U.S. Bank has been named one of the World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.1

U.S. Bank was recognized as one of the 2022 World’s Most Admired Companies. Our quality of management, commitment to our people and investment in social responsibility ranked No. 1 in the industry for superregional banks.

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Contact us:

 

teamipf@usbank.com
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Disclosures

Industry executives, directors, and analysts from 680 companies, including 12 superregional banks, with a minimum of $10 billion in annual revenue were surveyed by Korn Ferry in collaboration with Fortune Magazine. Survey responders rated their industry peers who paid a fee to be considered on nine criteria: management quality, people management, use of corporate assets, financial soundness, investment value, social responsibility, innovation, quality of products/services, and global competitiveness. Rankings were determined by an aggregate of how peers ranked the company in each of the key attribute categories. Companies that scored in the top half of their industry were recognized. Get more detail about the selection methodology.

U.S. Bank named one of the “World’s Most Ethical Companies®” Ethisphere Institute, February 2023 (also 2022, 2021, 2020, 2019, 2018, 2017, 2016 and 2015); for more information about the ‘World’s Most Ethical Company’ designation and scoring methodology, please visit www.worldsmostethicalcompanies.com.

“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.

Investment products and services are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Equal Housing Lender. Deposit products are offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank National Association and subject to normal credit approval. Mortgage, Home Equity and Credit products are offered by U.S. Bank National Association. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice.