Insurance Premium Financing Canada

June 25, 2021

Welcome to merit insurance premium financing. Add value to the agent insured business relationship.

Pin by Life Insurance Expertise on Learn About Life

A strategic partner in premium financing.

Insurance premium financing canada. Ips corp.was founded in 2002 to provide premium financing to an alberta based insurance brokerage. High competition among agencies and brokers to provide businesses with lower cost premium strategies have called on the development of effective and competitive financing options. Canada's leader in insurance premium finance helping brokers deliver tailored solutions to insureds for over 60 years.

The price for coverage of a particular risk or set of risks described in the insurance policy during a specific period of time. This means ips understands what the brokerage needs to better serve the client. Premium financing with imperial pfs offers benefits to agencies including:

A key strength of the pfs financing corp. The impact of premium financing on the brokerage depends on which one of the financing methods are being utilized. About the best of both worlds:

The company provides the canadian insurance market with comprehensive payment solutions giving brokers, mgas, and carriers the opportunity to offer clients more value, choice, and convenience. The better way to finance premiums. We are now able to offer single entry with your broker management system.

First insurance funding of canada innovates payment solutions for the canadian insurance industry, assists in retaining clients, improving cash flow, and differentiating. For over 25 years, insurance brokers from everywhere in canada trust merit to best serve their clients with insurance premium financing. Giving insureds a smooth transition between insurance policies and premium financing leads to more satisfied customers and higher renewals.

We provide customized plans to meet your unique and individual needs. Ips offers a complete range of premium financing options. In essence, ipfs becomes the insurance agency’s strategic premium finance partner.

We commit to provide our clients with the highest level of customer service in the industry. Minimize your time on risk. Due to the growth of premium financing in the insurance industry, more and more insurance agencies and brokers are tapping into this market segment.

Merit is a leading insurance premium financing company. Premium finance specialists in alberta, canada with online brokerage services, a premium finance software system for insurance companies. Life insurance premium financing can help you maximize wealth to your heirs and keep your legacy intact.

Premier financing, experts in financing, leasing,. Serving north america, premier financing is the place to purchase and finance your next commercial vehicle. Forget working those “over 30 days” lists.

We take pride in working in partnership with brokers to design financing solutions for their accounts. It uses a life insurance policy with a cash accumulation component. Snap has helped brokers, carriers and mga’s across canada grow by providing them with turnkey and custom financing programs to offer their customers.

Premium financing is certainly not a new concept. The premium is the price (insured’s cost) expressed as a periodic sum, while the rate is the price per unit of coverage (for example, the premium for each $100 of property value). Innovative brokerage development services, proven and reliable opportunities to substantially grow revenues and profits with one¹s existing volume of business and generate new business

We manage contract processing, payment collection and debt recovery. The best of both worlds: We also provide insurance loans servicing software, insurance policy billing software etc.

Immediate commission collection, superior account receivable ratios, reduced billing expenses, enhanced service for your clients, increased annual income, and much more. Merit's team has an average of 20 years experience in insurance premium financing and is passionate about creating beautiful insurance outcomes. In its sixth securitization of 2020, ipfs corp.

Used by banks, insurance agencies & independent finance companies, our premium financing system, premium finance software is designed for maximum flexibility & automation. Insurance agents, agencies, and underwriters partner with imperial pfs to offer financing solutions to business owners seeking insurance coverage. As a privately held company, we are able to provide custom solutions to.

A way to plan for estate taxes. First insurance funding of canada (first canada) first canada offers property and casualty insurance premium financing in canada. In a nutshell, ifa allows a business to finance a life insurance premium on behalf of a shareholder, create tax deductions and ultimately transfer assets tax free from the business to the shareholder’s estate.

Only excellent insurance brokers and agents are approved at merit.

Financial strategies canadian finance insurance term