When wading through the intricate details of a life insurance premium finance agreement, it is often an advantage to have a specialist partner to work with along the way. You are likely well aware that the life insurance industry is constantly changing and evolving – as is the area of insurance premium financing.

Rules in this niche can vary a great deal from state to state, making it difficult at times to ensure that your premium financing deals possess the required amount of information that is needed to move through the process quickly and successfully.

Working the Deals from Start to Finish

Having a partner that specializes in life insurance premium financing can allow you to better assist your clients with the funding that they need while leaving the details to those who are specifically focused on the constant movement in the industry.

These companies will help you in successfully completing your deals by arranging all of the necessary aspects, including application paperwork, legal issues, and oftentimes even by providing the loaned funds for the policy premium.

Once the deal has been completed, the premium financing specialist that you work with will typically pay the life insurance premiums directly to the issuing insurance company, and then they will bill your client for the loan repayment dollars.

When the insured passes away, any amount of the unpaid premium finance loan balance, along with the accumulated interest, will be deducted from the policy’s death benefit proceeds. The remaining amount of death benefit will then be passed on to the nominated beneficiary in order to be used as intended by your client.

Seek Out the Premium Financing Experts

As with any successful transaction, working with an expert in the field is much more likely to yield success than walking through all of the time consuming details yourself. Those who specialize in a particular industry will know exactly which way to move the deals through as well as where the potential obstacles may lie.

Using one of the top premium financing providers in the industry will help you to get more deals done quickly, while also providing a necessary service to your clients. Many of these firms provide services from coast to coast, and nearly all have an active online presence that allows you to obtain information any time, day or night.

Freeing up your time to focus on what you do best is important to the success of your business, as well as that of your clients. By delegating the details and bringing in a specialist to arrange and administer the financing agreement, you will be able to successfully keep the process moving.

Top Premium Finance Providers

Although the premium financing niche is still relatively new and unknown to many, there are a number of top companies that are active in the industry – and a number of these firms possess several decades of experience in the field.

To find your next premium financing partner, contact any the companies that are listed below. These firms can provide you with the guidance that you need, even for those hard to place deals. Help can typically be found via phone and online chat, and quotes can usually be obtained by submitting a no obligation application directly on the companies’ websites.

Capital Premium Financing, Inc.

Capital Premium Financing, Inc. provides life insurance premium financing solutions for a number of different types of commercial insurance policies. It is considered to be a top rated premium finance company in the industry and its reputation makes that clear.

Established in 1988, the company has well over two decades of experience in the specific area of providing necessary cash to fund high face amount insurance plans. Recognized as a leader in the field, Capital Premium Finance can offer you the support you need to get your premium financing deals done right. For more information visit:

Capital Premium Financing, Inc.

12235 South 800 East

Draper, UT 84020

Or

2931 Kerry Forest Pkwy #103

Tallahassee, FL 32309

Customer Service / Operations: (801) 571-0775 / Toll-free: (800) 767-0705

Agency Relations / Quotes by Phone: (877) 730-1906

info@capitalpremium.net  / agencyrelations@capitalpremium.net

www.CapitalPremium.net / www.capitalpremiumfinance.com

Premium Financing Specialists, Inc.

Premium Financing Specialists, Inc., now known as Imperial PFS, offers a number of services to clients and potential borrowers. IPFS was created via the combination of both Premium Financing Specialists, Inc. and Imperial Credit Corporation, two of the strongest premium finance companies in the premium financing industry.

The firm is able to successfully provide online quoting directly from its website as well as allow access to account information, electronic signatures, and payment option – all conveniently available on the company’s site.

In the specific premium finance arena, Premium Financing Specialists, Inc. provides direct access to premium finance loans in addition to premium finance agreements via insurance companies and agencies, as well as through general agents, for the purpose of financing commercial property and casualty insurance premium loans.

For more information on Premium Financing Specialists, Inc., go to:

Premium Financing Specialists, Inc.

Headquarters

8245 Nieman Road

Suite 100

Lenexa, KS 66214

(816) 627-0500

Arizona Premium Finance Company

Arizona Premium Finance Company specializes in financing the premiums for a wide variety of insurance policy types. Through the firm’s website, you can send an instant information request in order to obtain policy quotes as well as additional details on how to partner with the firm in getting your clients the funds that they need. For more information, visit:

Arizona Premium Finance Company

12406 N. 32^nd Street

Suite 110

Phoenix, AZ 85032

Toll-free: (800) 873-2732

adminept@apfcinc.com

http://www.apfcinc.com

First Insurance Funding Corp.

First Insurance Funding Corp. is one of the largest independent insurance premium companies in the United States. The company specializes in putting together customized premium loan packages that are uniquely based upon the specific needs of each client. Even those hard to place cases may find the ideal solution with First Insurance Funding. For additional details, go to:

First Insurance Funding Corp.

P.O. Box 66468

Chicago, IL 60666-0468

Toll-free: (800) 837-3707

http://www.firstinsurancefunding.com

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Premium financing is not typically implemented with average life insurance policies. This strategy is in most cases utilized with high net worth clients who are in the process of obtaining large face amount policies.

This can include stand-alone policies that are purchased for personal or business reasons, and it can also encompass those plans that are being purchased in a trust for estate planning purposes.

Instances Where Premium Financing Should Be Considered

There are a number of instances where life insurance professionals may not consider using a premium finance arrangement. However, premium financing should definitely be considered for those clients who are not able to gift the entire life insurance premium amount to an irrevocable life insurance trust (ILIT) by using their annual gift tax exclusion. This should be considered, for instance, if the policy holder has exhausted their lifetime credit – as large annual gifts to an irrevocable life insurance trust can cause a gift tax as to be as high as 50 percent.

Another example entails a situation where the pre-tax cost that is associated with the life insurance premium is high due to income tax or capital gains tax. In addition, wealthy clients may also benefit from financing their life insurance premium if there is a lost opportunity cost that may be associated with using their current liquid funds for paying the premium as versus using those same dollars for something else that may provide them with a better or faster return.

In any case, you will likely receive a great amount of benefit by partnering with a premium finance company in that these entities are well versed in educating the client on how and why it makes sense to use this form of life insurance premium payment method. This should ultimately lead you to more policy sales.

Some of the Top Premium Financial Capital Providers in the United States

Although the premium financing niche is still relatively new and unknown to many, there are a number of top companies that are active in the industry – and a number of these firms possess several decades of experience in the field.

While there are premium financing specialists located throughout the nation, it is typically best to work with a company or individual that is both licensed and has a location in the clients’ state of residence.

In this manner, you can be more assured that the financing arrangement will comply with the specific state’s rules. In addition, this will offer much more convenience should any in-person meetings be required with the client / policy holder.

To find your next premium financing partner, contact any the companies that are listed below. These firms can provide you with the guidance that you need, even for those hard to place deals. Help can typically be found via phone and online chat, and quotes can usually be obtained by submitting a no obligation application directly on the companies’ websites.

Capital Premium Financing, Inc.

Capital Premium Financing, Inc. provides life insurance premium financing solutions for a number of different types of commercial insurance policies. It is considered to be a top rated premium finance company in the industry and its reputation makes that clear.

Established in 1988, the company has well over two decades of experience in the specific area of providing necessary cash to fund high face amount insurance plans. Recognized as a leader in the field, Capital Premium Finance can offer you the support you need to get your premium financing deals done right. For more information visit:

Capital Premium Financing, Inc.

12235 South 800 East

Draper, UT 84020

Or

2931 Kerry Forest Pkwy #103

Tallahassee, FL 32309

Customer Service / Operations: (801) 571-0775 / Toll-free: (800) 767-0705

Agency Relations / Quotes by Phone: (877) 730-1906

info@capitalpremium.net  / agencyrelations@capitalpremium.net

www.CapitalPremium.net / www.capitalpremiumfinance.com

Premium Financing Specialists, Inc.

Premium Financing Specialists, Inc., now known as Imperial PFS, offers a number of services to clients and potential borrowers. IPFS was created via the combination of both Premium Financing Specialists, Inc. and Imperial Credit Corporation, two of the strongest premium finance companies in the premium financing industry.

The firm is able to successfully provide online quoting directly from its website as well as allow access to account information, electronic signatures, and payment option – all conveniently available on the company’s site.

In the specific premium finance arena, Premium Financing Specialists, Inc. provides direct access to premium finance loans in addition to premium finance agreements via insurance companies and agencies, as well as through general agents, for the purpose of financing commercial property and casualty insurance premium loans.

For more information on Premium Financing Specialists, Inc., go to:

Premium Financing Specialists, Inc.

Headquarters

8245 Nieman Road

Suite 100

Lenexa, KS 66214

(816) 627-0500

Arizona Premium Finance Company

Arizona Premium Finance Company specializes in financing the premiums for a wide variety of insurance policy types. Through the firm’s website, you can send an instant information request in order to obtain policy quotes as well as additional details on how to partner with the firm in getting your clients the funds that they need. For more information, visit:

Arizona Premium Finance Company

12406 N. 32nd Street

Suite 110

Phoenix, AZ 85032

Toll-free: (800) 873-2732

adminept@apfcinc.com

http://www.apfcinc.com

First Insurance Funding Corp.

First Insurance Funding Corp. is one of the largest independent insurance premium companies in the United States. The company specializes in putting together customized premium loan packages that are uniquely based upon the specific needs of each client. Even those hard to place cases may find the ideal solution with First Insurance Funding. For additional details, go to:

First Insurance Funding Corp.

P.O. Box 66468

Chicago, IL 60666-0468

Toll-free: (800) 837-3707

http://www.firstinsurancefunding.com

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Most life insurance agents are familiar with the basic concept of how premium financing works. Likewise, many insurance professionals are also cognizant of what a life settlement transaction is. However, should a policy that was funded with a premium financing arrangement be given up by the policy holder in a life settlement, what exactly are the ramifications?

Here is an example of what could happen. An individual borrows a certain amount of funds in order to purchase a large face amount life insurance policy on his or her own life. The funding comes in the form of a non-recourse loan. Typically, the duration of the premium loan is two years.

At the end of the two year time period, the insured then transfers the life insurance policy to the third-party investor in exchange for “forgiveness” of the loaned funds. In some cases, as in a life settlement, the insured policy holder will receive a cash payment in return for signing over the policy proceeds to the third party.

As these types of transactions are typically out of the range of services that are provided by most insurance professionals, it is best to partner with a premium financing company or specialist should a client express an interest in such a situation. These entities are well versed in the aspects of specialty transactions and can advise you of how to proceed – and they will oftentimes even conduct the entire transaction from start to finish.

Other responsibilities that are often conducted by premium finance specialists include paying the policy holder’s premium directly to the issuing insurance company as well as billing the insured for any loan repayments that may be required.

Some of the Top Premium Financing Companies and Specialists in the U.S.

Although the premium financing niche is still relatively new and unknown to many, there are a number of top companies that are active in the industry – and a number of these firms possess several decades of experience in the field.

While there are premium financing specialists located throughout the nation, it is typically best to work with a company or individual that is both licensed and has a location in the clients’ state of residence.

In this manner, you can be more assured that the financing arrangement will comply with the specific state’s rules. In addition, this will offer much more convenience should any in-person meetings be required with the client / policy holder.

To find your next premium financing partner, contact any the companies that are listed below. These firms can provide you with the guidance that you need, even for those hard to place deals. Help can typically be found via phone and online chat, and quotes can usually be obtained by submitting a no obligation application directly on the companies’ websites.

Capital Premium Financing, Inc.

Capital Premium Financing, Inc. provides life insurance premium financing solutions for a number of different types of commercial insurance policies. It is considered to be a top rated premium finance company in the industry and its reputation makes that clear.

Established in 1988, the company has well over two decades of experience in the specific area of providing necessary cash to fund high face amount insurance plans. Recognized as a leader in the field, Capital Premium Finance can offer you the support you need to get your premium financing deals done right. For more information visit:

Capital Premium Financing, Inc.

12235 South 800 East

Draper, UT 84020

Or

2931 Kerry Forest Pkwy #103

Tallahassee, FL 32309

Customer Service / Operations: (801) 571-0775 / Toll-free: (800) 767-0705

Agency Relations / Quotes by Phone: (877) 730-1906

info@capitalpremium.net  / agencyrelations@capitalpremium.net

www.CapitalPremium.net / www.capitalpremiumfinance.com

Premium Financing Specialists, Inc.

Premium Financing Specialists, Inc., now known as Imperial PFS, offers a number of services to clients and potential borrowers. IPFS was created via the combination of both Premium Financing Specialists, Inc. and Imperial Credit Corporation, two of the strongest premium finance companies in the premium financing industry.

The firm is able to successfully provide online quoting directly from its website as well as allow access to account information, electronic signatures, and payment option – all conveniently available on the company’s site.

In the specific premium finance arena, Premium Financing Specialists, Inc. provides direct access to premium finance loans in addition to premium finance agreements via insurance companies and agencies, as well as through general agents, for the purpose of financing commercial property and casualty insurance premium loans.

For more information on Premium Financing Specialists, Inc., go to:

Premium Financing Specialists, Inc.

Headquarters

8245 Nieman Road

Suite 100

Lenexa, KS 66214

(816) 627-0500

Arizona Premium Finance Company

Arizona Premium Finance Company specializes in financing the premiums for a wide variety of insurance policy types. Through the firm’s website, you can send an instant information request in order to obtain policy quotes as well as additional details on how to partner with the firm in getting your clients the funds that they need. For more information, visit:

Arizona Premium Finance Company

12406 N. 32nd Street

Suite 110

Phoenix, AZ 85032

Toll-free: (800) 873-2732

adminept@apfcinc.com

http://www.apfcinc.com

First Insurance Funding Corp.

First Insurance Funding Corp. is one of the largest independent insurance premium companies in the United States. The company specializes in putting together customized premium loan packages that are uniquely based upon the specific needs of each client. Even those hard to place cases may find the ideal solution with First Insurance Funding. For additional details, go to:

First Insurance Funding Corp.

P.O. Box 66468

Chicago, IL 60666-0468

Toll-free: (800) 837-3707

http://www.firstinsurancefunding.com

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As you may be well aware, there is a growing need for insurance premium financing arrangements for wealthy individuals who require a large face amount life insurance policy yet have a low amount of liquidity that is available for paying the high policy premiums that are due.

While these types of agreements may be familiar to you, they tend to also involve a great deal of detail – as well as many state mandated requirements. This is why in a number of cases it is a good idea to turn to an expert partner in the field of premium financing who can assist you with these transactions.

Why Consider Working With a Premium Finance Company?

The benefits of working with a specialist in the premium finance field are many. In fact, partnering with a premium finance company can help both you and your wealthy clients in putting together a beneficial transaction for all who are involved. The client benefits in that he or she will receive the full amount of life insurance coverage that they need. You benefit because you are able to close more of your large life insurance policy transactions.

Working in conjunction with a life insurance premium specialist, you will also be able to free up more time to focus on your business, as it is the specialist that takes on most of the transaction details.

First, these companies will arrange most or all of the necessary paperwork for the finance agreement. Since the premium financing company is typically also the lender, this can help make the transaction go through much more smoothly.

When going through the application paperwork, there is often specific information that will be required to be stated. This can include the total amount of premiums that are being financed, the total amount of the financing down payment, the principal amount to be financed, the amount of any service charges that are levied on the policy holder / borrower, the balance that is payable by the insured, and the total number of installments that will be required to pay off the loan completely – as well as the dollar amount of each.

The maximum amount of service charge that is permissible is typically $9 per $100 per year, plus an additional nonrefundable charge of $10 per premium finance contract. These service charges will also include any of the loan interest that is charged on the premium financed loans.

In addition, once the premium financing agreement is in place, typically your premium financing partner will stay on board and take over many of the ongoing duties as well. These can include taking responsibility for directly paying the client’s life insurance policy premium to the issuing insurer as well as billing the policy holder for repayment of the borrowed funds.

As both the insurance industry and the premium finance sector have many ongoing changes, it is often best to work with a premium finance specialist that has a focus specifically on this type of business. In this manner, you and your clients will be more assured of getting the most updated answers and information from the experts in this particular field.

Also, it is required that all individuals and entities that transact any premium finance business be licensed in all states in which they do so. This is also beneficial as there are many state mandated rules and regulations related to premium financing, and oftentimes these requirements can differ a great deal from state to state.

Contacting Premium Finance Companies in St. Croix, Wisconsin

While there are numerous premium financing specialists located across the country, it is typically best to partner with one who is licensed and ideally also located in the clients’ state of residence. This will help to ensure that all of the specific state rules and regulations that are associated with premium finance arrangements in that particular state are complied with. In addition, it also offers a convenience in the case that the client requires an in-person meeting with the premium finance company.

Premium Finance Corp.

Premium Finance Corp. can assist insurance professionals in helping their high risk and business customers in purchasing the insurance that they need by offering flexible and competitive premium financing services.

The company offers a number of flexible repayment plans of between three and nine consecutive monthly payments, as well as a quarterly payment option. These loan repayments may be mailed in or paid online.

Agents and consumers can obtain information on finance arrangements and quotes by faxing or emailing a request to the company. Financing is typically disbursed with one to two weeks after receiving the signed premium finance agreement or the policy effective date – whichever is later.

To obtain additional information on Premium Finance Corp, visit:

Premium Finance Corp.

3300 Birch Street

Eau Claire, WI 54703-2295

(715) 836-7755

www.pfcins.com

Royal Premium

Royal Premium offers a personalized approach to premium financing agreements. The firm has been in the business for over 20 years and they finance virtually all types of both personal and commercial insurance with premiums that range between $550 and $50,000 +.

Quotes and additional information may be obtained via phone or web. In addition, agents and consumers can have access to their accounts 24 hours per day, 7 days per week by going to: http://royalpremium.accounts-in-view.com.

For additional information on Royal Premium, visit:

Royal Premium

(248) 932-9020 / Toll-free: (800) 477-7889

Fax: (248) 932-9043

questions@royalpremium.com

www.royalpremium.com

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Insurance agents who work with wealthy clients may oftentimes be faced with a potential policy holder who has a low level of liquidity. This lack of available cash can make it difficult to move large life insurance policies through – even though the individual is in great need of a certain amount of coverage.

The answer in such a scenario is to use leverage in borrowing the needed funds from a life insurance policy premium finance specialist or company. These entities can not only make it possible for your high net worth clients to obtain the adequate amount of coverage but will also likely assist you in ultimately closing more cases.

Good candidates for such premium financed arrangements include your clients who have a net worth of at least several million dollars. In addition, the face amount of the policy being purchased should be at minimum $1 million. The coverage should also be sought for the long term, meaning that whole life and universal life insurance policies are ideal, and term policies will typically not qualify for such a loan.

Why Partner with a Premium Specialist Company?

The benefits to insurance professionals in partnering with a premium financing specialist are many. These companies will oftentimes arrange all of the application information and other needed paperwork for the deal. In addition, as they are also typically the entity that loans the client their funds, the deal is oftentimes much easier to coordinate.

Agreements in these cases entail requirements for specific information. This can include the amount of premium that is being borrowed or financed, the number of installments that will be required by the lender from the borrower in order to have the loan completely paid off – as well as the due dates of each, and the amount – if any – of the premium financed loan’s down payment that is received from the borrower.

In addition, it is also required that the premium financing company not charge an excessive amount of interest on the premium loan. There are typically set maximum amounts of service fees and other charges that may be levied by the lender on the borrower. The amount of these charges will also be required to be included in the premium finance agreement paperwork.

After the financing arrangement is in place, the specialist will usually stay on and take over ongoing responsibilities such as paying the insured’s policy premiums direct to the issuing insurance company as well as billing the client / policy holder for the premium loan repayments.

Insurance professionals who are considering moving forward with a premium financing arrangement can be comfortable knowing that all of the individuals and companies that are involved in the transactions of premium finance must be licensed in the state or states in which they conduct business.

Based on the vast amount of rules and regulations that are imposed by the industry as well as the individual states, it is a good idea to work with a partner should you have a client or clients who are interested in moving forward. Having the guidance of an expert in this field will help in assuring you and your client that all of the lending, financial, legal, and compliance bases have been thoroughly covered.

By eliminating the need for a large up front premium payment, more clients with high net worth but low liquidity will be able to purchase the amount of coverage that they need without having to sell off personal or business assets in order to come up with the necessary cash. In providing such solutions to these clients, you are likely to close more deals – especially those that involve large face amounts of coverage.

Finding Premium Finance Companies and Specialists in Georgia

Although there are many premium financing companies and specialists located across the nation, it is best to work with a partner who is both licensed and located in the clients’ state of residence.

This helps to better ensure that the arrangement will comply with the many state specific rules and regulations that are set forth for premium financing agreements – and these rules can differ a great deal from state to state.

U.S. Premium Finance

U.S. Premium Finance is a part of Brand Bank, and has been in the business of premium financing for over 20 years. The company is known for offering great rates, superior customer service, flexible loan terms, and easy to use quoting software.

The firm works with insurance agencies of all sizes. Clients and insurance professionals can access quotes and account information from the company’s website 24 hours per day, 7 days per week. For more information on U.S. Premium Finance, visit:

U.S. Premium Finance

3169 Holcomb Bridge

Suite 206

Norcross, GA 30071

Or

1255 Lakes Parkway

#250

Lawrenceville, GA 30043-5967

(770) 446-8773 / (678) 376-3236

www.uspremiumfinance.com

Prime Rate Premium Finance Corporation, Inc.

Prime Rate Premium Finance Corporation, Inc., a subsidiary of BB&T Corporation, is one of the largest premium financing companies in the southeast United States. The firm offers a variety of premium finance services through insurance agents to a wide and diverse customer base. For additional information on Prime Rate Premium Finance Corporation, Inc., visit:

Prime Rate Premium Finance Corporation, Inc.

358 Woodbrook Crst

Canton, GA 30114-7727

Toll-free: (866) 669-0937

https://www.primerateonline.net

Premium Assignment Corporation (PAC)

Premium Assignment Corporation is a commercial lines insurance premium finance company. The firm has been in business for over 40 years and they are considered the 6^th largest premium finance company in the U.S. today.

The firm is a wholly owned subsidiary of Sun Trust Banks, Inc. Agents and clients of the company can obtain information regarding premium financing transactions as well as quotes via phone and online through the company’s website. For additional information, visit:

Premium Assignment Corporation (PAC)

Martens – Johnson Insurance Agency – Ga

2940 Horizon Park Drive

Suite B

Suwanee, GA 30024

Or

P.O. Box 490847

Lawrenceville, GA 30049

(678) 482-2254 / Toll-free: (877) 853-7372

Fax: (678) 377-1742

tblanton@mjia.com

mjia-ga.com/Contact.html

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If you work with high net worth clients that have large asset values but low amounts of liquidity, you are likely aware of the concept of premium financing as a way to borrow funds for the payment of high life insurance premiums.

Prior to the availability of these arrangements, it was often the case that high net worth clients would need to sell off either personal or business assets for the purpose of coming up with cash for the required life insurance premium. Today, however, borrowing the needed funds through this leveraging technique is an agreeable alternative for many wealthy individuals.

While premium financing transactions are likely already familiar to you, they do involve a great deal of intricate details, as well as many state mandated requirements. This is why in most cases, it is a good idea to partner with a company that specializes in these types of arrangements when putting together a premium finance transaction.

Premium Finance Agreement Requirements in Texas

Although many premium finance agreements may look the same, there are some specific pieces of information that are required to be included – and these can oftentimes differ a great deal from state to state.

In Texas, for example, a premium financing agreement must include very detailed information such as the:

• Total amount of premium that is financed by the insured policy holder
• Total number of premium payments that will be required from the policy holder in paying back the lender’s borrowed funds
• Total number of required repayment installments that the borrower must make in order to fully pay off the loan
• Total amount of down payment that is received from the borrower on the loan (if any)

In addition, the state requires that premium finance specialists can only charge a maximum amount of service fees as well as a maximum amount of interest on the loan. This helps in assuring your clients that they will not be charged an excessive amount for the borrowed funds. Due to the fact that the financial and legal requirements and other regulations related to premium finance agreements can change frequently, the specialists in this field are in a great position to keep you and your clients informed. It is for this reason that many in the insurance industry turn to premium financing experts in transacting the actual premium finance agreements in these situations.

How Premium Finance Specialists Can Help Your Business Prosper

Partnering with a premium financing specialist can help you and your high net worth clients in putting together a seamless transaction. Oftentimes, it is these same companies that not only arrange all of the loan paperwork, but also lend the actual funds that are needed by your client.

In performing a comprehensive service, the premium finance company will also take care of billing the insurance company for the premiums that are due and will also bill your client for the repayment amounts that are required on the borrowed funds.

As both the insurance industry and the premium finance sector tend to have constantly changing rules, it is best to turn to a specialist that focuses on premium finance for these transactions. By doing so, you and your clients will be assured of getting the most up-to-date answers and information from the industry experts in that field.

Premium Finance Agreement Specialists in Texas

As those who work with premium financing agreements must be licensed in all states in which they conduct business, it is important to have your client work with a company that is ideally both licensed and located in their state of residence. This can help to ensure that all of the state specific paperwork and other requirements will be complied with.

Below are some of the top premium financing specialists that are located in the state of Texas. Working with these firms can help to make the premium financing arrangements more convenient – especially if they require in-person meeting with you or your clients.

AMC Fairmont Insurance Services

AMC Fairmont Insurance Services offers a variety of insurance policies in both the personal and commercial lines areas, although the firm has a focus on working with companies that are in the industries of gas, oil, and agriculture.

For additional information on AMC Fairmont Insurance Services, go to:

AMC Fairmont Insurance Services

Office Address

10350 Richmond Avenue

Suite 300

Houston, Texas 77042

Mailing Address

P.O. Box 2807

Houston, Texas 77252-2807

(713) 954-8100

Toll-free: (800) 392-1970 Houston

Toll-free: (800) 233-2398 Nationwide

http://www.amcinsurance.com

TAPCO Underwriters, Inc.

TAPCO Underwriters, Inc. is involved in the premium finance arrangement business. The company offers a way to obtain quotes directly on its website. For more information, visit:

TAPCO Underwriters, Inc.

14001 North Dallas Parkway

Suite M-100

Dallas, Texas 75240

(877) 827-2699

http://www.gotapco.com

Royal Premium

Royal Premium was established in 1988. Since that time, the company has been offering fast, convenient, and customized premium financing arrangements to its clients. The company has a large network of independent agents that it works with nationwide in order to come up with unique solutions for all of its clients’ needs.

The company finances nearly all types of both personal and commercial insurance. Premium amount that are financed can range from $550 to over $50,000. In order to get additional information about Royal Premium, go to:

Royal Premium

Toll-free: (800) 477-7889

questions@royalpremium.com

http://www.royalpremium.com

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Over the past few years, borrowing the funds that are needed to pay large life insurance policy premiums has become much more prevalent. When working with your high net worth clients who have a large estate due to either personal or business assets, it is important for them to obtain the proper amount of coverage.

While you may have clients with low amounts of liquidity through which to pay these large premiums, the concept of using leverage to do so may become an appealing alternative. Yet, although you may be familiar with the concept of premium financing, working with a company that specializes in these types of transactions will often yield the best results for all who are involved.

Premium Finance Agreement Requirements in New York

As you are likely aware, there are a number of rules and regulations regarding how life insurance policies are sold. Likewise, there are also many legal and financial requirements necessary when moving through a life insurance premium finance agreement – and these oftentimes can differ a great deal from state to state.

One rule that is common across the board is that premium finance companies must maintain a license in all states that they conduct business. This will help to ensure that the company is in compliance with the state’s rules in regard to transacting premium finance arrangements.

In New York, there are several pieces of information that must be included on the premium financing agreements themselves. These can include the total amount of premium that will be financed by the policy holder, the total number of premium payments that will be required from the insured in paying back the borrowed funds to the lender, the number of repayment installments that will be required from the borrower in order to completely pay off the loan, and the amount of down payment that is received from the borrower – if any – on the loan.

Without this information, as well as any other specific details as required by the state, the premium finance agreement could either be delayed or it could become altogether null and void.

In dealing with the specific requirements that are necessary in these types of transactions, as well as with the potential changes and updates that often take place in the premium finance industry, it is important that you work in conjunction with a specialist in this area.

Why Working With a Premium Financing Specialist Can Be Beneficial

Due to the intricate details that are typically involved in life insurance premium finance agreements, partnering with a company that has a focus in these transactions can be a great advantage to both you and your high net worth clients.

In most cases, a premium financing specialist will take care of most – if not all – of the arrangements that are needed in getting a transaction underway. Often, these companies are also the actual lender of the needed funds, making it much more convenient in terms of coordinating loan qualification and repayment.

Once the initial agreement is in place, a premium financing specialist will also take care of paying the insurance company directly for the client’s life insurance premiums that are due and then subsequently billing the client for the repayment of the loaned funds.

While premium financing specialists offer a valuable service, it is important to note that most states mandate a maximum amount of fees and service charges that may be billed to the client. This, along with a legally imposed interest rate cap on the loan, will help to assure your client that they will not be paying excessive transaction costs in return for the funds that were borrowed.

Premium Finance Companies in New York, NY

Although there are premium finance specialists located across the country, it is a good idea to use the services of a professional that is licensed in the client’s state of residence. This will help in better assuring that the state specific requirements are being followed. Oftentimes it is also more convenient should there need to be an in-person meeting with any of the participants who are involved in the premium financing transaction.

Gracie Point Premium Funding, LLC

Gracie Point Premium Funding, LLC, is an independent specialty financing company. The firm has a focus on financing fully collateralized, or traditional, life insurance premium financing. The company has a good long-standing reputation in the industry, and offers its clients a variety of options, such as:

• Up to a 20-year loan commitment
• No minimum client liquidity requirements
• No client personal guarantee requirements
• Competitive and flexible fee structures
• Competitive interest rates
• The ability to refinance existing premium finance loans
• The ability to finance insurance policies that are already in force
• No requirement for clients to deposit liquid assets or cash with the company
• The company stays on as the lender of record and approves all loans in-house
• Gracie Point has direct access to the capital markets and can therefore construct more customized loan solutions

This firm offers a great deal of information on its website. For additional information on Gracie Point Premium Funding, LLC, go to:

Gracie Point Premium Funding, LLC

601 Lexington Avenue

58th Floor

New York NY 10022

(212) 418-9640

http://www.graciepoint.com

AFCO Credit Corporation

AFCO Credit Corporation is a company that is involved in the insurance premium financing arena. The company was established in 1954 and is headquartered in New York City. As of 2007, the company began operating as a subsidiary of Prime Rate Premium Finance Corporation, Inc.

For additional information on AFCO, go to:

AFCO Credit Corporation

14 Wall Street

Suite 8A-19

New York, New York 10005

(212) 401-4400

www.afco.com

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In the world of premium financed policies, it makes a great deal of sense for insurance professionals to partner with an expert premium financial advisor in transacting these complex arrangements.

If you conduct a great deal of life insurance business with high net worth clients, yet have a difficult time getting the policies approved with the life insurance companies due to lack of client liquidity for paying the large up front premium, then premium financing agreements should be a definite option. Working side by side with a premium financing specialist can be the key to more policy approvals.

As there are numerous rules and regulations, as well as differing requirements from state to state, it is important to partner with a specialist or company who is well versed in putting together these transactions.

In addition to arranging all of the necessary paperwork, these specialists typically work directly with the life insurance companies in paying the insured’s premium and subsequently they will bill the client for the premium loan repayment amount that is due.

In transacting this type of business, all premium financial advisors – whether individuals or companies – must be licensed in all of the states in which they do business. These licensure rules are similar to those that are required for life insurance agents and companies.

Another big part of the premium financial advisor’s job is educating the potential policy holder on the benefits of borrowing the funds for their premium payments. Therefore, by choosing to partner with a premium finance specialist or companies, it is likely that you will be able to close more deals.

Some of the Top Premium Financial Advisors in the United States

Although the niche for premium financed policies is still relatively new and unknown to many, there are a number of top companies that are active in the industry – and a number of these firms possess several decades of experience in the field. These types of lendings can literally make the difference between a potential policy holder obtaining the proper amount of coverage or obtaining no coverage at all.

While there are premium financing specialists located throughout the nation, it is typically best to work with a company or individual that is both licensed and has a location in the clients’ state of residence. This way, you can be more assured that the financing arrangement will comply with the specific state’s rules. In addition, this will offer much more convenience should any in-person meetings be required with the client / policy holder.

To find your next premium financing partner, contact any the companies that are listed below. These firms can provide you with the guidance that you need, even for those hard to place deals. Help can typically be found via phone and online chat, and quotes can usually be obtained by submitting a no obligation application directly on the companies’ websites.

Capital Premium Financing, Inc.

Capital Premium Financing, Inc. provides life insurance premium financing solutions for a number of different types of commercial insurance policies. It is considered to be a top rated premium finance company in the industry and its reputation makes that clear.

Established in 1988, the company has well over two decades of experience in the specific area of providing necessary cash to fund high face amount insurance plans. Recognized as a leader in the field, Capital Premium Finance can offer you the support you need to get your premium financing deals done right. For more information visit:

Capital Premium Financing, Inc.

12235 South 800 East

Draper, UT 84020

Or

2931 Kerry Forest Pkwy #103

Tallahassee, FL 32309

Customer Service / Operations: (801) 571-0775 / Toll-free: (800) 767-0705

Agency Relations / Quotes by Phone: (877) 730-1906

info@capitalpremium.net  / agencyrelations@capitalpremium.net

www.CapitalPremium.net / www.capitalpremiumfinance.com

Premium Financing Specialists, Inc.

Premium Financing Specialists, Inc., now known as Imperial PFS, offers a number of services to clients and potential borrowers. IPFS was created via the combination of both Premium Financing Specialists, Inc. and Imperial Credit Corporation, two of the strongest premium finance companies in the premium financing industry.

The firm is able to successfully provide online quoting directly from its website as well as allow access to account information, electronic signatures, and payment option – all conveniently available on the company’s site.

In the specific premium finance arena, Premium Financing Specialists, Inc. provides direct access to premium finance loans in addition to premium finance agreements via insurance companies and agencies, as well as through general agents, for the purpose of financing commercial property and casualty insurance premium loans.

For more information on Premium Financing Specialists, Inc., go to:

Premium Financing Specialists, Inc.

Headquarters

8245 Nieman Road

Suite 100

Lenexa, KS 66214

(816) 627-0500

Arizona Premium Finance Company

Arizona Premium Finance Company specializes in financing the premiums for a wide variety of insurance policy types. Through the firm’s website, you can send an instant information request in order to obtain policy quotes as well as additional details on how to partner with the firm in getting your clients the funds that they need. For more information, visit:

Arizona Premium Finance Company

12406 N. 32nd Street

Suite 110

Phoenix, AZ 85032

Toll-free: (800) 873-2732

adminept@apfcinc.com

http://www.apfcinc.com

First Insurance Funding Corp.

First Insurance Funding Corp. is one of the largest independent insurance premium companies in the United States. The company specializes in putting together customized premium loan packages that are uniquely based upon the specific needs of each client. Even those hard to place cases may find the ideal solution with First Insurance Funding. For additional details, go to:

First Insurance Funding Corp.

P.O. Box 66468

Chicago, IL 60666-0468

Toll-free: (800) 837-3707

http://www.firstinsurancefunding.com

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As an insurance professional who works with high net worth clients, it is likely that you are already familiar with the concept of life insurance premium financing whereby these individuals can obtain the cash that is needed to pay large life insurance premiums with borrowed funds.

Yet, although you may understand how premium finance agreements work, it may be difficult to find the time that is necessary to keep up with the constantly changing rules and regulations – as well as the state specific requirements – that are also typically associated with such transactions.

For these reasons, you may wish to consider partnering with a premium finance company that specializes in conducting these arrangements. By doing so, you can work in conjunction with experts in this field in order to more seamlessly coordinate and initiate all of the necessary aspects.

How Working With a Premium Finance Specialist Can Help You Close More Deals

Similar to the life insurance industry, there can be many intricate details that are associated with premium financing transactions. As the rules and regulations regarding these programs can regularly change, it is difficult for those who are not focused on this industry to keep up.

Working with a specialist in this area, however, can help you to better understand and be aware of these ongoing changes, as well as to be cognizant any new or updated requirements that could be necessary in moving forward with your clients’ premium finance agreements. Partnering with an expert in the premium finance arena can also help in ensuring that your clients are being served by those who are the top experts in this industry.

Rules for Premium Finance Agreements

There are a number of different state specific rules that are required on premium finance agreements. Some of these deal with information that must be included on the paperwork. In Tennessee, for example, all premium finance agreements much include the following information:

• Amount of premium dollars that are being financed by the policy holder
• Number of premium payments that will be required to keep the life insurance policy in force
• Total number of loan repayment installments that are required by the lender from the borrower
• Amount of the down payment received from the borrower
• Maximum amount of interest that may be charged on the borrowed funds
• Maximum amount of service changes and other related fees that may be levied on the policy holder / borrower

In working directly with a premium finance specialist, you and your clients will be much more assured that the transaction will be well coordinated. In addition, oftentimes the company that works as the premium specialist will also be the lender of the borrowed funds.

Oftentimes, once the initial agreement has been completed, the premium finance company will take care of ongoing details such as making premium payments to the policy holder’s insurance company and billing the policy holder for loan repayments.

All of these responsibilities that are taken on by the premium financing company can help you to free up more time to focus on your own business – while still ensuring that your high net worth clients will receive the life insurance coverage that they need and are able to fund the premiums that are due.

Where to Contact Premium Finance Companies and Specialists in Tennessee

Below are some of the top premium financing specialist companies that are located in Tennessee. These firms will typically provide account access and customer service on a 24 / 7 basis so that you and your clients can stay informed at all times.

Tennessee Underwriters, Inc.

Tennessee Underwriters, Inc. has been in business since 1980. The company was originally formed to provide property and casualty insurance products to independent insurance agents. Today, the company has access to domestic and international insurance markets for the purpose of providing insurance solutions to meet highly specialized needs of insurance agents and their valued clients.

Agents and consumers may contact the firm via phone or web for the purpose of obtaining quotes, account information, and other updates. For more information on Tennessee Underwriters, Inc., visit:

Tennessee Underwriters, Inc.

140 Fourth Avenue South

Franklin, TN 37064

(615) 791-1400 / Toll-free: (800) 365-0646

Fax: (615) 794-7115

info@tnund.com

www.tnund.com

Insurors Bank

Insurors Bank has been in business since 2000. The company works with independent insurance agents in transacting premium finance arrangements for high net worth clients. Insurors Bank also provides residential mortgages to its clients.

Agents and policy holders can access information regarding their accounts 24 hours per day, 7 days per week via the company website. Customer service representatives are also available to assist clients between the hours of 8:30 AM and 5:00 PM Eastern time Monday through Friday.

Insurors Bank

2106 Crestmoor Road

Nashville, TN 37215

Or

P.O. Box 158716

Nashville, TN 37215-8716

(615) 515-2265 / Toll-free: (866) 866-2265

Fax: (615) 515-2285

info@insbanktn.com

https://www.insbanktn.com

Direct General Corporation

Direct General Corporation is a large insurance holding company that offers policies under several different lines of insurance coverage as well as premium financing services. The company is headquartered in Nashville, Tennessee, and has approximately 400 local offices located in 12 different states.

The firm offers a variety of online services for agents and consumers in the area of premium finance. Help is available via live customer service reps, as well as through online chat and email.

Direct General Corporation

Nashville, TN 37217

Toll-free: (877) 463-4732 / (800) GO DIRECT

www.directgeneral.com

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Premium financing has become more popular over the years as an alternative for high net worth clients who have little liquidity to obtain the cash they need for high dollar premiums on large face amount life insurance policies.

This typically provides a much better option for these individuals than having to sell off either personal or business assets for the purpose of coming up with the necessary cash to pay their insurance premiums.

Yet, although many insurance professionals may be familiar with this concept, you may not know where to turn to get the answers you need to some of the more intricate questions that come up regarding these arrangements. You may also not have the time available to truly research the industry.

This is where the help of a premium finance company or specialist can help. These companies can assist you in determining the best type of arrangement for your clients’ unique needs – and they can offer a variety of other services as well such as coordinating the transaction from beginning to end and loaning the funds that are needed for your clients / policy holders.

Why Partner With a Premium Finance Specialist?

The services of a premium finance specialist begin with educating you and your clients on how and why leveraging the dollars that are needed for their insurance coverage may make sense. They can also provide quotes so that your clients will know exactly what their expenses will be in terms of obtaining the needed coverage. In providing this education, your clients will likely see more clearly the benefits of premium financing, ultimately allowing you to close more deals.

In addition to arranging all of the necessary premium financing paperwork, most premium finance companies are also the actual lender of the funds. In so doing, the transaction can be coordinated much easier for all involved.

When completing the application and other documents, your premium financing partner will make sure that all required information is provided. In most cases this information includes stating the exact amount of premium that will be financed by the client, the number of installment payments that will be required from the client in terms of repaying the premium loan, and the amount of any down payment – if any – that is received from the client / policy holder.

It is important to note that lenders and premium financing specialists are not allowed to charge above a stated maximum interest rate for the loaned funds. They also are prohibited from requiring a maximum amount of service fees and other types of transaction related charges. In addition, most states will require that any individual or entity that transacts any type of premium finance transaction must be licensed to do so in each state in which they do business.

Once the premium finance agreement has been established and the funds have been loaned, many premium financing companies will continue working with you and your clients in such ways as paying the insurance premiums that are due on the clients’ policies as well as billing the client / policy holders for loan repayments.

As there are a number of rules and regulations that are associated with premium financing agreements, working with a local specialist can help to ensure that you are up-to-date on any new requirements as well as with any of the many state specific rules regarding these types of transactions.

Where to Find Premium Finance Companies and Specialists in Tampa, Florida

While there are premium financing companies and specialists located across the country, it is best to work with those that are both licensed and located in your clients’ state of residence. This way, you are more assured of having the premium finance agreement comply with any of the state specific rules that may be required. In addition, it makes the process more convenient should there be any in-person meetings that are required.

Imperial PFS

Imperial PFS is a premium finance company that works with insureds and insurance professionals in both the United States and Puerto Rico. The company has been in business since 1973 and since that time, it has become a recognized leader in the premium financing industry.

The firm has a number of branch offices, and a vast online network. Both consumers and agents are able to find quotes and assistance via Imperial’s website and can therefore find help 24 hours per day, 7 days per week.

Imperial PFS offers a variety of features, including:

• Convenient funding alternatives for policy holders
• Attractive rates and terms
• A number of different flexible payment options with no penalties for pre-payment
• Opportunities for seasonal billing

The company will also make insurance premium payments on behalf of policy holder / insureds and in addition will provide policy number updates should they be needed by a client or insurance agent / broker.

One offering that makes Imperial PFS even more unique is the opportunity for insurance professionals to grow their premium financing business. In so doing, Imperial offers continuing education classes, sponsorship of trade shows, and seminars. The firm also offers a number of premium finance purchase plans.

For more information about Imperial PFS, visit:

Imperial PFS

P.O. Box 30190

Tampa, FL 33630

Toll-free: (800) 767-3724

Fax: (813) 886-3988

https://www.ipfs.com

Other premium financing specialists located in the Tampa, Florida area include the following:

Sunbelt Premium Finance, Inc.

5210 N. Nebraska Ave.

Tampa, FL 33603-2343

Systran Financial Services Corp.

1211 N. West Shore Blvd.

Tampa, FL 33607-4600

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