Premium financing is NOT free insurance and it is NOT for everyone.
It’s only relevant to high-net worth individuals that are comfortable with collateralized financing deals.
Is it risk free?
No, like in any collateral-based financing deal, risks exist. The question is how you manage those risks and whether or not you work with a professional planner who has enough experience to avoid them.
Your financial planner should be able to predict potential risks and take precautionary measures, even when drafting the first case designs.