4. Family-Run Life Insurance Company of the Year - Florida With an extensive background in insurance advising, Manny Vidal founded Premium Finance Group (PFG) in 2002 when he identified a need for funding large insurance policies for high-networth individuals. These clients need large policies to maximize family and wealth protection as well as facilitate business succession and estate planning. With a vision of aiding these individuals to receive finance for their insurance premiums, Manny formulated a third-party business model involving connecting clients with reputed banks for finance. Shortly after the company’s foundation, Manny successfully closed the largest International Corporate Owned Life Insurance (COLI) sale ever made with a leading offshore insurer. The company has become a leading provider of life insurance solutions around the globe, specializing in financing large life insurance policies, keyman insurance, buy-sell agreements, estate planning, business succession, and charitable donations. As the top provider of Premium Finance, PFG can offer its clients the opportunity to finance 100% of their life insurance premiums at extremely competitive rates. Making sure to meet all regulatory considerations and adhere to high legal and ethical standards, the company has gained an impressive reputation, enabling it to build an extensive network of global banks and top insurance firms across the world. PFG believes that a proper estate plan is essential to avoid difficulties when passing on wealth and assets to heirs. The company stresses the importance of life insurance, which ensures that outstanding debt is paid off and provides liquidity without the need to sell existing assets and pay estate taxes. PFG allows clients to purchase the life insurance policy they need to accomplish their financial goals without having to liquidate assets in order to pay high insurance premiums. These premiums are paid by the lender, while the policy cash values are used as collateral. The policy capitalizes on the leverage provided by the loan to invest the premium in a high cash value life insurance policy. Furthermore, for individuals who own a business and intend to pass it on to the next generation, business succession planning is vital in ensuring a smooth transition between founder and heir. PFG recognises that lack of proper wealth management and financial planning is what prevents so many family-owned businesses from surviving this transition. This is why business succession planning, which aims to identify and address the financial pitfalls that arise following the death of a business owner, is so important. Working closely with their clients every step of the way, Manny and his company aim to determine the best way to protect their family’s wealth and well-being. Manny comments, “Being a family-run business, our mission is to protect our clients’ families, loved ones, and business interests.” Premium Finance Group is a leader in its industry, having built an outstanding reputation for itself over the years. Winning Family-Run Life Insurance Company of the Year, Florida, in the Global Insurance and Risk Management Awards 2022, it is clear that the company has not reached its peak and that it will continue to grow in the years ahead. Contact: Manny Vidal Company: Premium Finance Group Web Address: www.premiumfinancegroup.com Jan23648 Premium Finance Group (PFG) provides high-net-worth individuals with the opportunity to receive finance for their insurance premiums. With over 30 years of experience in the insurance industry, the company’s principals have built PFG into the premiere provider of premium finance, working with the best rated insurance companies around the globe. As a family business itself, PFG understands the importance of business succession planning and aims to ensure its clients’ families, loved ones, estate, and business, are protected. 8
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