Why Premium Finance With FIRST?

Why Premium Finance With FIRST?

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

Insuredpurchases

The Insured Purchases Policy

The insured decides to purchase insurance policies through your agency

Agents Quote

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

Insuredpurchases

The Insured Agrees to Finance their Premium

The insured reads and signs the premium finance agreement

First Provides Funding

FIRST Provides the Funding

FIRST provides the funding to pay the premium for the policy

Insured Makes Monthly Payments

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

AGILITY

Response Time

RESPONSE TIME

Open

MORE THAN 30 YEARS IN BUSINESS

Just Ask

JUST ASK! POLICY

No Ownership

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