At Peoples Premium Finance, we understand that insurance can place a strain on cash flow. Instead of paying the full amount upfront, premium financing gives insureds the ability to spread payments over time through manageable installments. This preserves capital and allows individuals and businesses to invest in other priorities – whether that’s growing a company, maintaining liquidity or future planning.
Here’s how the Peoples Premium Finance process works:
- The insured arranges an insurance policy through an agency.
- The agency submits a quote through our online platform at PeoplesPF.com.
- We review the request, provide tailored financing terms and payment options.
- Once agreed, the insured signs a Premium Finance Agreement (PFA) and makes a down payment.
- We then fund the loan and pay the insurance carrier directly, activating coverage without delay.
- The insured repays the loan in monthly or quarterly installments, depending on preference.
Premium financing is a valuable tool for a wide range of clients. Business owners managing large commercial policies and insureds with seasonal or fluctuating income all benefit from having flexible payment options without compromising their insurance coverage.
For insurance agents, offering premium financing through Peoples Premium Finance means making coverage more accessible to insureds, closing more business and improving overall client satisfaction and retention.
Click here to learn more about Peoples Premium Finance and our mission to make insurance coverage affordable and attainable.
INSURANCE AND INVESTMENT PRODUCTS ARE: NOT FDIC INSURED; NOT GUARANTEED BY PEOPLES BANK; NOT A DEPOSIT; NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY; SUBJECT TO RISK AND MAY LOSE VALUE.
