Have you ever noticed how paying for things in instalments makes life easier? To repay a loan or settle an account a little at a time certainly eases the strain on your cash flow and frees up funds for other purposes. The corporate world has long since recognised that cash flow is essential to business survival, and this is no different when it comes to your personal finances.
The prospect of paying an annual insurance premium in one hit can be daunting, particularly if the due date coincides with other bills or large expenses. However, a premium funding option can make life a lot easier and help ensure your cash flow won’t feel the pinch.
Essentially, Principal Finance will pay your premium to an insurance broker or underwriter on your behalf and then you repay us in easy instalments which makes balancing your budget a lot easier.
Applications for premium funding are typically made through an insurance broker. Ask them to send you a Principal Finance funding application. When you receive it, simply head online and submit, we will take care of the rest!