Premium Financing in Today’s Market
Despite the tenuous state of the capital markets, the ratings of most life insurance companies have held up well. This is important in the premium finance marketplace, since institutional lenders do not like to finance policies issued by carriers with poor ratings.
Premium Financing Coming Back to Life
It is no secret that credit has been very limited over the last several months. This has adversely impacted all credit markets, including institutional premium finance. However, there are emerging signs that credit is beginning to flow again, if not as robustly as before. Funds for premium finance are also becoming available again, and Provada is positioning itself to become more active in this arena. Our thrust will be to seek out and work with providers of funds for legitimate and carefully crafted premium finance arrangements for use in situations where prem