NU Online News Service, Aug. 25, 2004, 12:15 p.m. EDT
Principal Financial Group Inc., Des Moines, Iowa, has agreed to work with Premium Funding Group L.L.C., New York, to help agents and customers who need assistance with premium financing arrangements.[@@]
Premium financing is a strategy that uses borrowed money to pay life insurance premiums. Most customers who use premium financing are wealthy individuals who need large amounts of life insurance to handle estate planning and estate tax liquidity needs, Premium Funding says.