White Paper · 1 of 3
The Liquidity Trap
How premium financing funds estate death-benefit liquidity while a principal's capital stays invested and compounding — protecting the advisor's book, not just the estate.
EST. 1990
Resources
The Liquidity Preservation Library
White papers, a UHNW estate-planning field guide, an illustrative case study, and an advisor webinar on liquidity preservation — funding an estate's death-benefit liquidity through premium financing so the client's capital stays invested and the advisor's book stays intact.
Goheen Capital is a premium finance design desk — a capital strategy partner for independent advisors, not an insurance agency competing for your client. This library covers liquidity preservation: funding an estate's death-benefit liquidity through premium financing so the client's invested capital is preserved rather than liquidated to pay premiums. It collects the three-part Liquidity Preservation Series, a UHNW estate-planning field guide, an illustrative case study, and an advisor webinar.
White Papers
The Liquidity Preservation Series is a three-part white paper set covering the case for financing estate liquidity, the structure and risks beneath a financed case, and what the strategy means for the advisor's book.
White Paper · 2 of 3
Under the Hood
How a premium-financed case is built, where its four risks actually live—rate, collateral, policy, and trust—and the disciplined design that makes the structure defensible.
White Paper · 3 of 3
Protecting the Book
Paper 3 makes the advisor's business case: premium financing is the rare insurance strategy that preserves AUM instead of eroding it—and keeps you central to the relationship.
Case Studies
Case Study · Liquidity Preservation
The Builder Who Wouldn't Sell
A hypothetical premium-finance case for a founder's illiquid $45M estate — funding ~$18M of transfer liquidity without draining the liquid portfolio or selling the business.
Estate Planning Guide
Field Guide
The RIA Field Guide to UHNW Estate Planning
Eight advisor conversations that protect a $30M+ estate—titling, trusts, succession—and the estate liquidity question beneath them all, plus a Stress Test for your book.
Webinars
Advisor Webinar
The Liquidity Preservation Strategy
An advisor webinar with Shawn Goheen on funding UHNW estate liquidity through premium financing—preserving client capital and the advisor's book, with a hypothetical $45M case.
Frequently Asked Questions
What is premium financing, and what does Goheen mean by liquidity preservation?
Premium financing funds life insurance premiums through a third-party lender so the client's invested capital stays in place rather than being liquidated to pay premiums. Goheen calls this liquidity preservation because it preserves both the client's compounding capital and the advisor's book.
Who is the liquidity preservation strategy for?
It is built for U.S. independent advisors and RIAs serving clients with large, illiquid estates — wealth concentrated in an operating business, real estate, or concentrated stock — that face a liquidity need at transfer. The materials state it is educational, not suitable for every client, and subject to individual suitability review.
What does the 48-hour case design desk do?
The desk models the financed structure across a range of rate paths, lays out the collateral schedule, coordinates with the client's estate counsel on the trust, and returns a plain-English analysis the advisor can put in front of the client. The advisor keeps the relationship and the assets while the desk handles the design.
Is Goheen Capital an insurance agency?
No. Goheen Capital describes itself as a premium finance design desk and capital strategy partner that operates behind the advisor — a back-office premium finance desk, not an insurance agent or an agency competing for the client.
What are the main risks of premium-financed life insurance?
The white papers name four: interest-rate and renewal risk, collateral risk, policy-performance risk, and structural or tax risk. Disciplined design models each across a range of scenarios — including sustained higher-rate environments and a collateral call in a down market — rather than relying on a single optimistic illustration.