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We will finance assigned risk policies with a lower down payment and offer
lower monthly payments to your customers. This allows the agent to sell
more policies and not lose the customer to a different agent down the street.
This is why captive agents from Allstate, Nationwide, Met-life
and others are turning to Arizona Premium Finance Co. for help in selling
assigned risk policies. New credit and underwriting changes that require 50% down
payment or payment of the full premium are making it impossible to sell policies
through captive companies. By moving those select customers to the
assigned risk plan and offering premium financing with APFC, you can sell the
policy, earn the sales commission and retain the customer.
Here is an example: The New York Assigned Risk Plan requires 25% down
payment and offers 3 payments. APFC requires only 15% Down and offers 9
Monthly Payments. With premium financing the initial down payment is lower
and the monthly payments are substantially lower.
Selling assigned risk policies helps your agency earn more commissions by
closing more sales. The agency still remains the only insurance agent for
the customer and the agency still can cross sell the customer other insurance
products. If you do not sell the customer an assigned risk policy, then
the customer will go down the street to another insurance agent who will sell
them the policy with premium financing by Arizona Premium Finance Co. This
gives the customer the low down payment and low monthly payments.
Want to learn about the assigned risk plan in your state.
AIPSO
services the assigned risk market in over 40 states. They can provide you
with information on the Plan in your state. If you need the telephone
number of the assigned risk office for your state click on
AIPSO.
To learn about offering premium financing of assigned risk business in your
State, call APFC at 800-873-2732 x 140.
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