I often work with clients who are land rich but cash poor.
They might have 30 acres of land worth $5 million, but no liquid cash. When they die, the IRS will value that land at $5 million, but they don’t have the cash to cover taxes or buy $5 million in life insurance.
No problem, there’s something called premium financing. You can borrow the money for the premiums through a bank that specializes in financing life insurance.
This way, you can qualify for $5 million of life insurance, using your net worth as leverage without needing the cash upfront.
To learn more about these strategies, claim your FREE copy of “The LASER Fund” by visiting laserfund.com (just contribute to the shipping)! #shorts
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