Agents & Advisors

Client Centered Approach

The Client Experience

What your client receives:

• CPA, attorneys, financial professionals all working for them
• Custom designed strategy – there is no “one size fits all”
• Free tax evaluation and potential tax strategies that compliment premium finance
• Entity recommendations and in-house counsel to provide documents and advice regarding structure

YOUR TEAM – of knowledgeable financial, legal and insurance professionals

Cutting Edge Tax Strategies

Hughes and Baker provides a complimentary review of your client’s tax return to determine if there are any strategies that can reduce current income and compliment premium finance.

We have been able to save clients hundreds of thousands of dollars using certain strategies. By bringing them to your client, you increase trust and solidify yourself as a valuable member of their team.

Discovering and creating the most advantageous entity for clients

Who Should Own the Policy?

The majority of premium finance insurance policies are owned individually.

ILITs are commonly used to keep the policy outside the taxable estate, but they limit the clients’ options on accessing cash during their life and take away flexibility to make changes to the trust later.

There is an alternative entity structure that gives the client the control they want now, while still accomplishing the goal of not causing an estate tax issue later.

Legal Liability should be a foundational concern when it comes to Premium Finance

The Law

With two attorneys on the Hughes and Baker team, you and your clients are getting documents reviewed with a detailed eye.  Additionally, when it comes to the discussion on policy ownership and the structure of an ILIT or LP, we can provide advice on the best solution for your clients’ goals.

Premium Finance relationship with financial institutions

Relationships are Key

Having years of experience in the premium finance space means we have built powerful and trusted relationships with many financial institutions.

Determining the correct fit for a client is more than just shopping for the lowest interest rate. Knowing how collateral is calculated, and what fees might be underlying the transaction, are just a few of the considerations that someone who is not experienced might miss.

We’re with you every step of the way

Best Practices

We don’t have a “go-to” carrier.  We listen to your specific client needs and guide you, the advisor, in deciding which carrier and product is optimal.  We take the lead on the application, so all you need to provide is the client information and we handle the administration and processing.  We will assist through the underwriting process to ensure the case is presented correctly and moves through underwriting efficiently.

We help navigate the complexities of premium financing

The Hughes & Baker Difference

Premium financing is a relatively simple idea, but complex in practice. It requires access to sophisticated lenders and carriers, knowing how to best design a solution for the myriad of problems presented by your clients and understanding how all the pieces of the puzzle fit together.

Partnering with us gives you access to a team – CPA, attorneys, insurance professionals – who are able to help you craft the best possible solution for your client’s financials goals and needs.  The combination of our skills and experience, along with the service we provide, exists no where else in the industry.