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Jesse Said:

What is the Best company to purchase premium finance company software?

We Answered:

I can run your premium finance company for you - provide all software, all updates, handle all licensing and state audit functioning, cover all mailing and postage, handle phone inquiries, set up web sites (one for you - one for your customers), etc - with 50 state expertise - for the same or less than your cost of software. Contact me: rmitchell@costfinancial.com

Sue Said:

premium financed insurance, any risks?

We Answered:

If you do not understand what risks you may run, someone has not done a good enough job explaining this to you. I am yet to see a financed scenario that had no potential downside. Things that are not always constant: loan rates, collateral evaluations, collateral requirements, interest rate credited by an insurance company, mortality charges from an insurance company, administrative charges from an insurance company, death benefits paid by an insurance company, and your future insurability. Look at the optimistic and pessimistic projections of the proposal. Make sure you talk with advisers who do not have a financial stake in your decision before you proceed.

Financed premium may be the best thing for your situation, but it's a big decision that may have risks, so proceed carefully.