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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
June 02, 2004 at 08:00 PM
NU Online News Service, June 2, 2004, 12:25 p.m. EDT – The U.S. arm of Sun Life Financial Inc., Toronto, has picked A.I. Credit Corp., New York, to help it set up a new life insurance premium financing program.[@@]
The program will serve wealthy customers who have illiquid investments, such as stock in small businesses, and need at least $100,000 to pay for life insurance.
The program makes sense for customers with a net worth over $5 million who expect the returns on their illiquid investments to be higher than the interest rates on the A.I. Credit loans, Sun Life says.
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