_edited.png)
A Partner in Legacy Assurance
ATHLEGACY AND COOL SPRINGS FINANCIAL ARE DEDICATED TO PROVIDING SECURITY TO YOU, YOUR FAMILY, AND YOUR BUSINESS BY CREATING FINANCIAL STRATEGIES WITH UNPARALLED BENEFITS.
MEET THE FOUNDERS
ANTHONY TOLLIVER
CO-FOUNDER
Anthony is a 13 year NBA veteran who served for 8 years on the
Executive Committee for the NBPA. With over 15 years plus experience as an entrepreneur, he has always strived to utilize his skill set and unique experiences to the benefit of athletes.
Athlegacy is just the beginning. He is a devoted family man who has been happily married for 12 years and is the proud parent of 4 amazing children.
Anthony Tolliver
KEITH BEGGS
CO-FOUNDER
Keith is the Co-Founder of Athlegacy. He also serves as the Managing Director of Houston for Cool Springs Financial.
Keith has been in the insurance and financial services business for 17 years. Never being satisfied with the status quo, Keith prides himself on finding innovative solutions to meet his clients needs. Keith has been married to his wonderful wife Kristina for over 10 years and they have two amazing kids Kai and Kinsley.
Keith Beggs
Strategic Life Insurance Solutions That Go Beyond The Basic Payout.
YOU WANT THIS:
Comprehensive Asset Protection - Secure not only your future but also your legacy, ensuring your wealth and assets are protected against unforeseen circumstances.
Tax Efficiency - Minimize tax liabilities and maximize the benefits to your heirs with strategically structured life insurance policies.
Wealth Enhancement - Use life insurance as a tool not just for risk management, but also as a means to enhance your financial portfolio.
Liquidity at Critical Times - Ensure quick access to funds for your family and business during critical times without disrupting your investment strategy.
BUT YOU´RE DEALING WITH:
Limited Time - Managing a busy professional and personal life, leaving little time to focus on comprehensive financial planning.
Complex Financial Situations - Navigating the intricate details of high-value estates and investments that require sophisticated management.
Risk Exposure - Having substantial assets tied up in businesses or volatile investments that need adequate protection.
Market Volatility - Experiencing fluctuations that can affect asset value and long-term planning objectives.
HOW IT WORKS
Healthy client obtains an Athlegacy approved policy.
An individual, business, trust, or LLC owns the policy.
The bank lends the premium at a low borrowing cost.
Owner pays interest and/or post shortfall/gap collateral.
Policy cash value grows faster than the loan balance.
Tax free loans available typically between years 12 and 15.
At death, the policy pays off all loans and provides additional funds for the beneficiary.
WHY IT WORKS
INSURED
BANK
INSURANCE COMPANIES
BUSINESSES
EVERY PARTY INVOLVED VIEWS THIS TRANSACTION AS A WIN.
NEXT STEPS
Athlegacy and Cool Springs Financial are committed to enhancing the security of you, your family, and your business by developing financial strategies that offer unmatched benefits.
If you're considering securing Premium Finance life insurance with Athlegacy, the first step is to complete a qualifying questionnaire. This initial step gathers essential information about your health, lifestyle, and financial status to determine your eligibility and the best coverage options suited to your needs.
​
Once you've submitted your questionnaire, the next step is to review a sample illustration. This illustration provides a detailed breakdown of how your potential policy might perform over time, including premium costs, cash value growth, and death benefit amounts. Reviewing this document allows you to see potential outcomes and make informed decisions about your life insurance strategy.
​
​
​
-
What is Premium Financing?Premium financing allows high-net-worth individuals/business owners to obtain permanent life insurance by borrowing the premiums from a lender. The loan is secured by the insurance policy and/or other assets¹.
-
What makes Premium Finance Life Insurance (PFLI) different from standard life insurance policies?Premium life insurance policies are designed specifically for high-net-worth individuals, offering higher coverage limits and more flexible investment options. These policies can also include additional features tailored to the estate planning and wealth preservation needs of affluent clients.
-
What are the benefits of choosing PFLI?Benefits include: •Asset Protection: Safeguard your wealth against legal and financial liabilities. •Estate Planning: Efficiently manage and distribute your estate with reduced tax liabilities. •Wealth Accumulation: Policies participate in market upside in the good years while having a floor of 0 in market down years. •Business Continuity: Ensure smooth business succession, cover potential buy-sell agreements, key-man policies and/or to create a executive benefit (i.e. Golden Handcuffs) •Capital Continuity: By borrowing the premium the client is able to put their money to work in the areas that have helped make them successful.
-
What are the risks of PFLI?The risks include carrier risk (insurance company failing), renewal risk (not being able to find a bank to loan the premiums), and collateral risk (client not being able to cover collateral until policies outpaces loan).
-
How does PFLI fit into my overall financial strategy?Premium financed life insurance can serve as a cornerstone in a diversified financial strategy, providing an immediate death benefit that covers your family in the event of your untimely death. PFLI also provides a vehicle for wealth accumulation that can be used in the form of tax free loans/distributions.
-
What is the required net worth for an individual to qualify for PFLIAs of today, clients need a net worth of $5 million or more to get approval from the bank.
-
What types of insurance policies do you all use to create these structures?IUL (Indexed Universal Life). There are hundreds of IULs on the market, Athelgacy works with a very select few that meet our requirements when it comes to the fee structure and the interest barring engine.
-
Collateral - What avenues does a client have in terms of collateral if it's not liquid?Typically, if using a non-liquid asset for collateral there will be a cost to convert it to what the bank will consider a liquid asset. That is usually between 1-3% annually. Collateral solutions can always be changed to meet the needs of you or the company at any time. We can switch from cash to letter of credit, or we could use both if needed.
-
Why haven't I heard about this before?PFLI may not be widely known because it's a specialized strategy best suited for high-net-worth individuals who can leverage their assets effectively¹. Furthermore, the barriers to entry used to be $50 million or more. In recent years companies like our partners Cool Springs have helped make it more accessible.
Join Our Newsletter
Join our email list and get access to news, and updates exclusive to our subscribers.
