PFS Financing plans to issue a $282 million securitization backed by insurance premium finance loans, which are usually installment loans that have less-than-one-year duration.

Premium financing funds the premiums of life insurance policies purchased for estate planning or business purposes. The unearned premiums serve as collateral for the insurance premium loans.  The financing proceeds typically fund the purchase of property/casualty insurance policies of one year’s duration.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.