Life Insurance Disputes & Premium Finance Scams Attorney in Beverly Hills, California

What are the hidden costs of life insurance premium finance?

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In life insurance premium finance deals,

there are a number of hidden costs that

uh are usually not disclosed to the to

the insured. And those costs include the

cost of the financing itself, which is

generally considerable. Uh and then

there’s also the cost of the collateral.

What you’re usually told is you can post

collateral. What they don’t tell you

typically is that it takes that

collateral out of your life for the life

of the policy and therefore it’s the

same as spending the money. So you end

up without a lot of assets that way. The

third cost is the cost of the insurance

itself. They use often use policies that

are going to increase expense quite a

bit down the road due to factors like

cost of insurance and performance of the

policy. So, all these are hidden costs

that you’re typically told don’t exist,

and they really do, and they make an

incredible difference to whether the

deal makes sense for you.

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Los Angeles, CA commercial litigation attorney Johnathan M. Deer talks about the hidden costs of life insurance premium finance.