Trends in the Insurance Industry: Considerations for Lenders
For someone entrenched in the business valuation experience, there is nothing more satisfying then someone who spends time prioritizing what is needed to finance a successful project. Taking time to properly assess the value of a project not only reduces the cost to the borrower, but it can positively impact some of the ancillary expenses related to the project.
One of those ancillary expenses we often see associated with larger transactions is the purchase of life insurance which can be used to protect the interests of the lender and all parties connected to the borrower and other key members of the transaction.
Life insurance as a requirement of a loan agreement, however, can be an impediment to closing more business, and thus commercial lenders should keep these important tips in mind when broaching the subject of life insurance with existing and potential clients.
Life Insurance Tips for Commercial Lenders
Read the complete article in New England Banking here .
DHill Financial, LLC is an independent insurance agency focused exclusively in protection solutions for businesses and the people they support. The core mission is to provide current and relevant insurance counseling in an environment which fosters comfort and confidence for all parties. Licensed for life insurance and health solutions around the country, the agencies success is built on listening to the needs of our clients, and then reviewing the available options in the market with unbiased analysis. It is our independent thinking and our unwavering commitment to only offer insurance solutions when appropriate that our client’s sense immediately. Trust, Knowledge, Caring… Come feel the difference. www.dhillfinancial.com