FIRST Insurance Funding, a division of Lake Forest Bank & Trust Company, N.A. (“FIRST”) is proud to announce an integration with ePayPolicy to make its premium financing solutions for insurance companies simpler to access.
At checkout, insureds will have the flexibility to choose between pay-in-full and premium financing options, clearly displayed side-by-side. Clients who opt for premium financing can seamlessly complete enrollment through FIRST Insurance Funding with simplified terms and a fast, integrated experience. As a trusted ePayPolicy partner, FIRST offers robust, customized financing solutions, empowering insurance providers to deliver choice while maintaining efficiency and service excellence.
With ePayPolicy’s latest feature release, Finance Connect, FIRST can now offer the same convenience when paying premiums online.
“Our collaboration on Finance Connect reflects a shared vision to bring greater convenience and digital transformation to the insurance industry. We’re thrilled to offer our agents a simple, embedded solution that streamlines their premium financing options directly within their existing ePayPolicy workflow, enhancing productivity without disruption,” stated Dana French, Executive Vice President of Strategic Initiatives at FIRST.
By utilizing ePayPolicy’s new feature, FIRST’s customers can now enroll in financing – complete with e-signed premium finance agreements and automatic payments – in a single online session, utilizing secure connections to FIRST’s systems and popular industry management systems.
French said, “We are confident that this integration will lighten the load for our clients’ busy employees, boosting their daily productivity and making the entire sales and payment process much smoother for their agency.”
Key Features
- Allows insurance companies to work with their existing PFC partners.
- Premium financing options are presented at checkout alongside pay-in-full options.
- Simplified financing enrollment and upfront terms for insureds.
- Conveniently generates consolidated premium finance agreements (PFAs).
- ePayPolicy is integrated with over 90% of popular agency management systems, saving time and manual data entry.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
