Point of Contact: Heather Park, Regional Manager
Website: First Insurance Funding
Available Services: Premium and Life Insurance Financing, Banking, Agency Lending
IAOA Member Exclusive Discount: Discounted finance rates and lower down payments for the insured, and competitive commission earnings for the agency
FIRST shares IAOA’s goal of continual improvement in processes and procedures that create operational efficiencies. We offer a number of value-added solutions and services for you and your clients.
OUR ACCOUNT MANAGEMENT SYSTEM
FIRST InSite is our web based, proprietary online quoting & account management system that is easy to use and has features designed to improve your workflow and create efficiencies:
• Available 24/7/365
• Chat online with our servicing teams during business hours, 7 am to 7 pm CST
• Go Paperless! Your agency AND your insured can receive all documentation by email
• Electronic signatures are collected with DocuSign
• Online storage of all statements and notices means no filing and easy access
FASTEST & EASIEST PREMIUM FINANCE PROCESS AVAILABLE
Your team members can prepare and execute a quote less than 5 minutes with our e-Complete process. Your agency will save time, streamline your workflow, and reduce risk management concerns.
• Entirely electronic process
• Step-by-step instructions
• Paperless: no printing, no faxing, no filing
• Automatic notifications and completion reminders
DOWN PAYMENT COLLECTION
FIRST can collect your insureds’ down payments so you don’t have to! Your insureds pay conveniently by credit card or ACH withdrawal; no more manual check processing!
OUR CULTURE OF STABILITY
FIRST enjoys a culture of stability that has been built by the tenure of senior management, with a focus on continual strengthening of communication, employee empowerment, and innovation throughout our organization.
Our culture is best embodied in our service philosophy: JUST ASK! We train every employee to think outside the box. Every member of your service team will work to find a satisfactory solution to any situation – no matter how big or small.
OUR FINANCIAL MUSCLE
FIRST Insurance Funding is a division of Lake Forest Bank & Trust Company, N.A., a Wintrust Community Bank. Our parent company is Wintrust Financial Corporation, a $30+ billion financial holding company with a common stock traded on the Nasdaq Global Select Market (Nasdaq: WTFC). Wintrust & FIRST were organized and began providing premium financing more than 25 years ago.
Due to FIRST’s relationship with Wintrust, we have NO restrictions regarding our credit facilities. Wintrust’s deposits provide the source of funding for our premium finance loans; we do not rely on external sources of funding.
As one of the largest premium finance companies in North America, with over 300 employees and more than $7 billion financed annually, we have a unique understanding of the insurance industry, a dedication to providing the best service in our field, and a rock solid commitment to our partners and their clients.
OUR EXCLUSIVE PARTNERSHIPS
We are exclusively partnered with industry trade groups including The Council of Insurance Agents, MarshBerry, and Assurex Global.