Premium Finance Services with Life Assurance

Premium finance life assurance is that the borrowing of premiums to fund a life assurance policy. These imply that you immediately will borrow funds from a personal or an association to hide the price of your insurance premiums. As a policy holder you're needed to sign a premium finance contract with the premium finance life assurance company for a loan arrangement with period between one year and therefore the lifespan of the policy. The premium no depository financial institution undertakes the responsibility to pay the insurance premiums on your behalf and charge loan installments for the price of the loan.