What is Premium Financing? Learn how to obtain premium financing through the 4 steps the Imperial Premium Finance Transaction Process follows:
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Step 1
- An insurance agent for an insured who has a life insurance policy contacts Imperial's sales department.
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Step 2
- Imperial's sales department works with the agent, broker and insured to obtain necessary information to underwrite the potential loan.
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Step 3
- Legal/Compliance/Underwriting conduct multiple reviews and analysis to ensure each transaction complies with all legal and internal requirements.
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Step 4
- Approved loans will be independently reviewed for compliance, legal, and economic criteria by our funding department before the loan is provided.
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