Many agents and insurance companies selling insurance premiums make the monumental mistake of ignoring the huge profits of financing their own insurance premiums.
One of the best kept secrets in the industry is the financial opportunity of financing insurance premiums can supplement and in most cases EXCEED your profits on the sale of insurance policies.
The rate of return offered by financing insurance premiums is unusually high
Normally high returns equate to high risk but this is not the case in the premium insurance finance industry because the collateral of each loan is the insurance policy.
To effect cancellation in the event of non-payment, the premium finance company need only send its cancellation request to the insurance company authorized by its power of attorney from the insured. There are several critical presumptions that evidence a low-risk portfolio such as proper down payment percentage and verification of policy existence.
The type and intensity of due diligence required by the premium finance company will vary based upon the collateral, e.g. personal or commercial insurance and the amount of the loan.
Advanced Insurance Systems provides you with all the tools and assistance you need to easily set up your new profit center
Since 1984, we have helped over 500 insurance companies, agencies, managing general agencies, and independent premium finance companies set up and maintain their insurance premium finance business.
Our FinanceMaster cloud based or software system will help you manage your insurance premium finance business and lower your risk.
With our cloud based business, you can be up and running WITHOUT capital outlay for servers, software maintenance, programmers or expensive IT specialists.
Our staff provides advice, safe practices to avoid risk and audit assistance. Our attorney will even help you with the legal expertise and forms you will need.
We are there with you every step of the way.
You collect your added profits. Nothing could be simpler.
Contact us today to learn how you can increase your profits by financing insurance premiums.
A.G. Florence, SC
Finance Master software is very easy to use and I find it meets our needs at Banker's Premium. We are a small company but the software offers a lot of options that we can use. I would highly recommend this software to any company just beginning or one that is ready for a change. The staff has been great and prompt in helping us manage our accounts. Thanks for all you do!
C.D. Amarillo, TX
After working out all the small details, Finance Master has been my friend !!! Balances have stayed true and information being pulled into QuickBooks has also maintained.
DW Atlanta, GA
We appreciate your expertise and valued services to us to run this premium financing company software tools error free and pain less.
We also grateful to Art, Kris and the entire team at AIS for their continued service and support.
I have been working with Finance Master for 11 years. My experience with the program itself has been Great! Minimal problems which have always been solved within a timely matter. The staff (Kris) has continually through the years been available at a moments notice for help when needed. I recommend their program "highly" to anyone looking.
B.P. Nacogdoches, TX
I would like to take this opportunity to give a big thumbs-up to Advanced Insurance Systems and the WinFM software. The software is so user friendly! It is easy to navigate and makes the whole work experience enjoyable. If questions do arise, the tech support is fantastic - no issue is too small or too trivial; you get detailed, understandable answers to your questions and concerns. I have used other premium finance software, but WinFM is the very best. I would recommend it to anyone!
T.J. WILMINGTON, NC
My experience with Finance Master software has been a learning experience. I have found the software to be fairly easy to use. The account view and the posting of payments is very user friendly. Cannot think of anything that needs to be changed or made any easier. Thanks.
R.E. Â Portsmouth, OH
I just wanted to send you a note regarding your Finance Master software that we have been using for the past year. Our corporate motto is -We Make it Easy. Your software certainly makes it easy for me to fulfill this promise to our customers. The software is user friendly and your support staff is outstanding. Thanks again for your dedication to your product.