Frequently Asked Questions
Why should
I work with Kuroum Partners?
​
Credibility
Our influence and access to banking and insurance company partners.
Experience
We have been successfully constructing and maintaining premium financed life insurance structures for a combined 30 years.
Proven Track Record
Our plans have stood the test of time. Our deals get done the right way and in a timely fashion.
Exclusivity
Our custom-tailored solutions and relationships are only available at Kuorum Partners.
Commitment
Our knowledge in the space sets clients up for success with our conservative yet flexible designs.
FAQ
01
Why should I work with Kuorum Partners?
1. Experience
We have been successfully constructing and maintaining premium financed life insurance structures for a combined 30 years.
​
2. Exclusivity
Our custom-tailored solutions and relationships are only available at Kuorum Partners
-
Credibility - Our influence and access to banking and insurance company partners.
-
Proven Track Record - Our plans have stood the test of time. Our deals get done the right way and in a timely fashion.
-
Commitment - Our knowledge in the space sets clients up for success with our conservative yet flexible designs.
02
Can I afford the premiums? Why should I finance the policy?
High-net-worth clients seek to maximize the return on their assets. We show clients the difference between paying cash versus a properly designed premium finance structure. We compare the two options, side-by-side in a detailed but easy to understand manner. Clients have the power of choice, based on an informed understanding of their options.
03
What type of client qualifies for a premium finance structure?
The primary requirements are:
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Net worth of $10 million or greater
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Annual income of at least $500,000
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A need for life insurance
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Premium financing is a way to fund your life insurance, not a reason for buying it. We are always available to discuss your eligibility.
04
What will my client need for collateral?
Lenders will first require the client to assign the policy to secure the loan, and if the policy cash value is insufficient the client may have to pledge additional collateral in the form of liquid assets. Lenders reserve the right to change the valuation and nature of the collateral over the life of the loan, so changes in lending market conditions or the value of collateral assets may also require further collateral.
05
Does a client have to qualify every year?
Typically a client will have to qualify annually to renew or maintain the loan. Some lenders, however, offer an extended commitment and streamlined annual review to qualifying borrowers.
06
What if a client already owns permanent life insurance?
Our premium finance structures are not limited to new policy purchasers. We can also review existing life insurance policies and may find opportunities to enhance your position by integrating premium financing into a client’s portfolio.
07
How do I engage Kuorum Partners?
You may contact us directly to schedule a call with one of our Partners via email at info@thekuorum.com or phone at 888.284.4512. If you are a Trusted Advisor and have a specific client in mind, please reach out for an initial analysis.