PLG Insurance has updated its Private Family Banking program, offering small business owners access to capital through structured life insurance policies — without traditional lenders.
-- Financial services firm PLG Insurance has announced updates to its Private Family Banking program, a strategy that lets business owners use a specially structured life insurance policy as their own source of capital — funding expenses through their own financial infrastructure rather than relying on traditional commercial lenders.
More details can be found at https://plginsurance.com/
PLG Insurance explains that when a policy is structured correctly, it can function as a personal capital reserve that grows on a tax-advantaged basis. Rather than drawing down savings to cover a business expense, an owner can take a policy loan against the cash value while the underlying policy continues to accumulate interest — a structure the company calls "double-dipping," in which the same capital effectively serves two purposes at once.
Accessing capital through traditional channels remains a significant challenge for many small business owners. According to the Federal Reserve's 2024 Small Business Credit Survey, only 44% of applicants at large banks received full loan approval, and denied firms were increasingly cited as carrying too much existing debt. For owners outside conventional lending criteria, securing reliable financing can be both time-consuming and costly.
PLG Insurance notes that policy loans sidestep many of these barriers — there are no credit checks, no formal application process, and no fixed repayment schedule. Business owners can access and repay funds on their own timeline. The approach is also designed to help clients avoid what PLG calls the three main wealth killers: taxes, investment losses, and interest paid to outside lenders.
"Most people think of life insurance as something that only pays out when you die," a PLG Insurance spokesperson said. "What we show clients is that a well-designed policy can serve as a living financial tool — one that funds their business, builds their wealth, and eventually transfers assets to the next generation on a tax-free basis."
Beyond Private Family Banking, PLG Insurance offers Defined Benefit Plans and Key Person Insurance for businesses, along with annuities for individuals planning their retirement. Each service is intended to fit within a broader financial strategy, helping clients build and protect wealth across different life and career stages.
Interested parties can find more information by visiting https://plginsurance.com/
Contact Info:
Name: Michael L Plaisier
Email: Send Email
Organization: PLG Insurance
Address: 6688 Glen Hollow Drive Southeast, Caledonia, MI 49316, United States
Website: https://plginsurance.com/
Source: PressCable
Release ID: 89191357
Should you detect any errors, issues, or discrepancies with the content contained within this press release, or if you need assistance with a press release takedown, we kindly request that you inform us immediately by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team will be available to promptly respond and take necessary steps within the next 8 hours to resolve any identified issues or guide you through the removal process. We value the trust placed in us by our readers and remain dedicated to providing accurate and reliable information.
