In the third and final installment of our interview series with Frank Seneco, President of Seneco & Associates, Inc., the discussion is centered around premium finance life insurance and the different types of benefit plans for private business owners.
Despite being a strategy that's been around since the 1990's, there is still a tremendous level of value associated with premium financed life insurance. Listen as Homer and Frank dive deep into this strategy and who it makes the most sense for.
Sit back, relax, and enjoy the finale of a great interview series featuring Frank Seneco!
0:06 - Overview on the topic of this conversation
1:15 - The idea behind a premium finance life insurance
3:33 - The benefits of this strategy over a 5-10 year period of time
6:16 - Mistakes to avoid when it comes to this strategy
11:00 - What split-dollar means from a life insurance standpoint
12:21 - How else is life insurance utilized in succession plans for business owners
14:40 - Overview on the variety of strategies discussed throughout the interview series with Frank
15:57 - Closing remarks and disclosures