When working with wealthy clients, these individuals oftentimes have a need for large face amount life insurance policies. There are some potential policy holders, however, who may not possess the adequate amount of liquid cash to pay the large up-front premium amount that is often due.
As you may be aware, premium financing arrangements are a great solution to this issue – and in using such arrangements, you are helping clients to find the cash that they need and you are in turn likely to close many more of your high dollar life insurance policy cases.
Why Partner With a Premium Financing Specialist?
By partnering with a premium finance company, you will be transferring much of the responsibility to the specialist in terms of collecting clients’ / borrowers’ information, submitting the application paperwork, paying the premiums to the issuing insurance company, and billing your client for the loan repayments.
In addition, the premium financing companies are oftentimes also the lenders of the borrowed funds. Therefore, many of the key components of these transactions are kept under one roof – providing an additional convenience to both you and your clients.
There are many details that are involved when transacting these types of arrangements, and because there are a variety of state mandated rules and regulations, all individuals and organizations that work with premium financing agreements and the loaning of such funds are required to be licensed in all of the states in which they do business.
Passing along all of the intricate and somewhat cumbersome details to an expert in this field can provide a win-win-win situation for all. Your client will be able to obtain the appropriate amount of life insurance coverage for their needs without the need to come up with a large amount of premium payment, the premium finance company has obtained a new client, and you have been able to close yet another high face amount life insurance policy transaction.
Some Top Premium Finance Agreement Specialists in the U.S.
There are a number of highly reputable premium financing brokerages in the United States today. Several of these firms posses several decades of experience in the premium finance arena. These companies can assist you in setting up the premium finance agreement as well as a number of other beneficial services.
Even though there are premium finance agencies located throughout the country, it is typically best to work with a broker that is both licensed and has a location in the clients’ states of residence. This way, you and your clients can be more assured that the financing arrangement will comply with the many state specific rules and regulations that are mandated on these types of transactions.
In order to obtain information on some of the top premium financing brokerages, contact any of the firms that are listed below. These organizations can help in offering you and your high net worth clients the advice and services that you need in order to close more large life policy sales.
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
Connect with Travis on Google+
