To finance a premium, the individual or company requesting insurance should sign a premium finance agreement with the premium non depository financial institution. The loan arrangement could last from one year to the lifetime of the policy. The premium non depository financial institution then pays the payment and bills the individual or company, sometimes in monthly payment, for the value of the finance.
Who will Qualify for Premium Finance?
Life Insurance Premium Finance could supply high-net-worth people the power to borrow the premiums to buy associate degree contract, permitting them the utilization of funds they may have otherwise wont to buy the insurance.
