Premium Financing
Second Annual Traditional Premium Financing Conference
Last year’s Traditional Premium Financing Conference was such a success that we’re happy to be hosting the 2nd annual Traditional Premium Financing Conference held in Las Vegas at the prestigious THEhotel, August 17th thru August 19th.
The meeting will officially begin Wednesday, August 18th at 8:30am and end Thursday, August 19th at 5:00 pm. Each day of informative and educational meetings will begin with a full breakfast and lunch, followed by a hosted networking opportunity serving premium cocktails and gourmet hor d’oeurves.
The cost to attend is $500 which is an excellent value that includes:
§ Welcome Cocktail Reception
§ Learn advanced estate and business planning applications using Traditional Premium Financing
§ Two nights stay at the exclusive THEhotel at Mandalay Bay
§ Two full days of educational and sales driven meetings with industry experts
§ Breakfast and Lunch served on both meeting days
§ Hosted evening networking reception with a gourmet selection of hor d’oeurves
§ In-room WiFi Service
§ Access to Spa and Fitness Room
Please visit http://www.successioncapital.com/Premium-Event-2010 if you would like to attend. We look forward to seeing you in Las Vegas!
International Forum - Orlando, Florida
SCA participated in the International Forum annual conference that was held in Orlando at the Waldorf Astoria Hotel on Feb 16th thru Feb 20th.
The International Forum is a member association of life insurance producers within the life insurance industry. It was an excellent opportunity to network and share ideas with the elite membership in regard to traditional premium financing using CMS. Now that IOLI programs have been eliminated and hybrid programs are becoming increasingly more difficult to obtain, the CMS traditional premium financing program represents a back-to-basics approach and has demonstrated value in purchasing large life insurance policies for business and estate planning purposes.
The educational meetings provided ideas in all aspects of the life insurance industry. International Forum producers utilize CMS and recognize the value added benefit of using SCA to design, communicate, and provide funding using their multiple lender platform.
How to secure financing in light of the current credit markets.
Securing a premium finance loan in today’s credit environment requires more due diligence than in the past from both the lender and the producer. Producers and advisors are recognizing that there is more to recommending a premium finance strategy than just the discounted outlay. Among the myriad of lenders and the loan programs they offer, it has become more difficult to ensure that the best loan program is being recommended to the client without being aware of the other programs that are available. Producers and advisors are freely accepting this liability without fully understanding that it exists.
There are many loan program promoters, but only a few organizations dedicated to providing premium financing direction to the industry. Still fewer are companies capable of providing custom financing designs that can be used for estate and business planning and are also recognized as experts. CMS – Succession Capital Alliance continues to be viewed as experts in the industry. The loan program they offer is the Capital Maximization Strategy, or CMS. CMS continues to be the largest and longest running traditional premium financing program and is endorsed by many reputable life insurance carriers. A key strength in CMS – Succession Capital Alliance is not just limited to experience, but their due diligence in selecting the best suited loan program among their multiple lender platform.
The tightening of credit within the industry has further strengthened traditional premium financing as a valid tool in purchasing life insurance. Know your client, and choose your expert when it comes to premium financing to ensure you have all your bases covered.
November News
“There has never been a better time for premium financing” quotes the November edition of California Broker Magazine. CMS Succession Capital Alliance is proud of the industry’s recent media coverage of the benefits of Traditional Premium Financing. Both California Broker Magazine and InsuranceNewsNet Magazine feature articles this month that can be found under the News section of our website.
The industry’s only Traditional Premium Financing conference will be held in Las Vegas in August 26th thru 28th.
We are excited to host a conference guaranteed to boost the sale of life insurance using traditional premium financing for estate and business planning purposes. Mark your calendars and plan on attending this extremely important conference in Las Vegas on August 25th thru 28th . The agenda is packed with valuable information and will be presented by a keynote speaker from one of the most prestigious law firms in the country along with industry recognized leaders in traditional premium financing as well as carrier representation. Sponsored by Pacific Life, John Hancock, Sun Life, Transamerica, AXA Equitable, and Greenberg Traurig, PA.
Midland National and North American Company conferences Jan 28th-29th and Feb 18th–19th
The Midland National and North American Company carrier conferences in Las Vegas were considered the “kick off” meetings introducing CMS as their official traditional premium financing program for their producers. We anticipate a mutually profitable relationship with Midland National and North American Company as we do with all of our core carriers.
International Forum Jan 18th – 19th
CMS / Succession Capital Alliance attended The International Forum held in Century City, California, in January 2009. The Forum has proven to be a think tank for experienced life insurance professionals in the application and use of life insurance. While attending The Forum it was clear that the life insurance industry recognizes traditional premium financing as the financing program of choice. During the conference we introduced the addition of two lending sources to the CMS program. In an industry where lending is contracting, CMS is expanding. Additionally, as an exhibitor and sponsor at the conference we experienced great interest by producers interested in traditional premium financing.
Heckerling Institute on Estate Planning Jan 12th -16th
As an annual participant at the Heckerling Estate Planning Conference it was clear that professional advisors are gearing up for a new estate tax direction that will be imposed in 2010 and beyond. With monetary needs reaching nightmare levels as a result of the economy, revenues generated via estate taxation are expected to increase. During the conference the underlying tone indicated that life insurance should be part of every estate plan, and that premium financing is an excellent strategy to consider when gift taxes become an issue and the efficient transfer of wealth is important.