Independent lender offers premium financing for buyers of high-net-worth insurance
Yuvarra’s loans are secured against the life insurance policy alone, not a client’s other assets
HIGH-NET-WORTH (HNW) individuals who wish to tap premium financing for a large insurance policy now have an alternative to a loan from their private bank.
Yuvarra, an independent lender, has rolled out premium financing services in Hong Kong and Singapore, markets which chief executive Larry Ikard expects will be a “significant driver” of growth in the next 12 to 24 months.
“Across the two markets, we are anticipating continued double-digit growth in demand for specialist premium financing and more sophisticated wealth-planning structures,” he said.
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