Premium Finance Services

Many individuals understand the traditional way to design and pay for permanent life insurance through cash payments over time. Utilizing the same life insurance policies but integrating a premium finance services strategy, our firm is uniquely positioned to demonstrate a much more advantageous option. In comparing these two strategies side-by-side, clients gain the knowledge they need to make a well-informed decision.

FAQs

Why should my clients consider Premium Financing?

Clients usually understand the most common way to purchase life insurance – with cash payments. What many clients do not understand is that an alternative funding method is available using Premium Financing.

By comparing the two options side-by-side, clients can make a well-informed decision and understand the benefits of our life insurance carrier-approved funding method. If you decide not to implement the strategy after you analyze both options, at least you will have understood both options are available.
Does my client qualify for the Life Leverage Strategy?
What Do I Do When I Identify a Client That Qualifiers?

Once you have identified a client who qualifies, contact our office to discuss the potential opportunity. If premium financing seems suitable, we have a one-page trial application requesting medical and financial information from the client. Our office can provide a preliminary premium finance case design within 48 hours. After which, we will review the case design with you to present the option to the client.

If you need in-person or teleconference sales support, one of our team members can assist you. If the client decides to proceed with premium financing, process the financial approval concurrently with our insurance medical approval. When both offers are in place, we assist with the loan documents, collateral assignment forms and book the case in our system to review with you and your client annually.
What if my client already has life insurance in place?

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I have been in the insurance business for 37 years and worked with many brokers. Brandon is by far the most knowledgeable, helpful, and responsive broker I have ever worked with.

Mike O’Brien

The team at Pelorus Financial is a joy to work with. I am with a mutual company; we use Pelorus for all outside business. I highly recommend.

Jeremy Heasell

I can always count on a quick response from everyone at Pelorus, and I have absolute trust in this agency. The entire team is personable, professional, and an absolute pleasure to work with.

Laura Leavitt

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