A premium finance agreement is a contract between the insured and our trusted third-party finance company. When a customer decides to pay for their insurance policy monthly, our third-party partner, pays the entire years premium upfront while the customer makes monthly installments for the duration of the insurance contract.
Ascend is our premium finance partner. Anytime a customer pays for an insurance policy, whether through pay in full or premium finance, funds are then collected by Ascend and are then directed to the appropriate insurance carrier.