January 2023

First – a loan against your reinsurance is not a withdrawal. It’s a loan against your assets, not a distribution. You can set the terms of the loan yourself: Term length up to 7 years, Payment amount, interest rate (within reason).  It works very much like a 401(k) loan.  You can also do interest only […]

An upfront premium payment is an advance from the insurance company that covers your warranties that is based on the projection of your future performance, past performance, and current claims. Based on their projection, you receive a check for a lump sum amount that your dealership pays back with future sale of contracts.  This isn’t