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Why Premium Finance With FIRST?
Why Premium Finance With FIRST?
Premium Finance. Simplified.
At first look, premium finance companies may all seem alike. But, beyond competitive rates and terms, FIRST offers features and services that make us different.
- Industry-leading paperless process that’s easy for you and your insureds
- JUST ASK! policy with flexibility to create custom solutions for your clients
- Value-added features to increase your competitive edge
- Workflow efficiencies, including team training
- Financial analysis team for reporting and insights
- Customized agency rewards to meet your business goals
How Premium Finance Works for the Agency
The Insured Purchases Policy
The insured decides to purchase insurance policies through your agency
The Agent Gets a Quote
The agent enters basic policy details into FIRST’s online system and receives a quote with payment terms to offer the insured
The Insured Agrees to Finance their Premium
The insured reads and signs the premium finance agreement
FIRST Provides the Funding
FIRST provides the funding to pay the premium for the policy
The Insured Makes Installment Payments
The insured pays installment payments to FIRST and enjoys the ability to use their capital for other business priorities
The Difference
AGILITY
RESPONSE TIME
MORE THAN 30 YEARS IN BUSINESS
JUST ASK! POLICY
NO INSURANCE AGENCY OWNERSHIP OR INTEREST
BENEFITS FOR AGENTS
- Provide payment options that increase cash flow for your insureds
- Offer services your competitors are not
- Receive client commission upfront
- Generate additional agency revenue
- Reduce client receivables and hassle: we handle billing and collections
- Consolidate and transmit all client funding from one source
BENEFITS FOR INSUREDS
- Preserve capital for other business opportunities and priorities
- Keep credit line(s) open
- Earn more on retained capital by not paying insurance premium upfront
- Enjoy flexible and convenient payment options
- Make one installment payment
- Afford additional insurance coverage
- Rest assured with fixed rate and payments for loan term