Premium Funder
Premium Funder helps your clients manage their cash flow by giving them a loan to pay their insurance premiums.
Benefits for you
- Reduces credit control and administration costs
- Improves cash flow
- Removes focus on annual premium when negotiating cover
- Helps you keep a full programme of insurance in place
- A value-added service that helps you secure more business
- Online quoting system makes it easy
Benefits for your client
- Premiums can be spread over monthly, quarterly or half-yearly instalments
- Interest is usually tax deductible*
- Useful as an additional line of credit
- There is a single monthly direct debit payment for all policies funded
- No 'bricks and mortar' security required
*Clients should seek independent advice on the treatment of this product in relation to their own individual circumstances.
If you would like to find out more about Premium Funder, please call (09) 308 1106 or email lumleyfinance@lumley.co.nz