When an agent or agency sells his/her commission to PFG, PFG takes assignment of those commissions from the insurance company and pays the agent or agency an up-front amount today. It’s that simple!
Getting Started
Get a Quote
Get started by reaching out to us for a quote on your book of policies that you’d like to sell. We’ll quote you an amount based on our initial analysis of the book. From there, we move to our documentation phase. We request several basic documents confirming your business entity and your rights to the commissions. Finally, once we have all documentation in place, we send you our purchase agreement and file the necessary paperwork to assign the commissions.
We Strive for Simplicity
Getting started with Persistency Funding Group is quick and easy. We’ve designed the process to be the “no stress solution”. We work with your team, not against them, to get the required documents without causing headaches and creating backlog.
The funds you receive are yours to spend as you wish. It’s not a loan, and the money never needs to be paid back. You can use the funds to grow your business, buy more leads, hire downline agents, or even personal expenses.
Request a quote today to see just how easy getting started with Persistency Funding can be.
Frequently Asked Questions
The customer remains yours! You can still service that customer and continue to sell him/her additional policies such as life, dental, LTC, etc. You can continue to maintain a relationship with that customer and meet their needs.
In the case that you are retiring, or are otherwise no longer able to service your customers, then please let us know and we will provide a solution.
It’s very simple. Once we have a purchase agreement for the policies in place, we file paperwork with the insurance company to assign the commissions on those policies to Persistency Funding Group. The entire process takes about 30 days.
In most cases, we make acquisitions on a carrier-by-carrier basis. That means that you have the option of selling policies from just one, or just some, of your contracted carriers.
For example, if you write with 3 different insurance companies, and one of those companies you don’t do much business with anymore, then you can sell just the policies from that single carrier.
In most cases, we must buy all of the policies for a given insurance company. In other words, we cannot buy only some of your policies with a particular insurance company. If we are buying policies from one of your carriers, then in most cases we must buy all the policies from that carrier.
That’s no problem! After you sell your book, you can get a new write-in number from the insurance company. Once you have a new write-in number, any new business that you write will go directly to you.
Before we can acquire any policies, it is required that any outstanding debit or advance balance be fully paid down on that book. Typically, this amount is netted out from our purchase price and is paid directly to the carrier.
Getting started with Persistency Funding is fast and easy. We work quickly and flexibly to make the process as fast and headache-free as possible.
Get Started
1Execute NDA
2Send us your policy commission details
3Receive a same-day quote
4Provide documentation, including executing our Purchase Agreement
5Inform the carrier(s)
6Receive your funds