One of the top concerns for RRGs is managing financial stress. NRRA has partnered with IPFS to give NRRA members an exclusive member benefit that helps RRGs not only save money, but also generate additional thousands to hundreds of thousands each year. In fact, this program saves you money as soon as you sign up, because it pays for your NRRA dues*.
BENEFITS
- Improve Cash Flow – Receive all your premium dollars up front so you can invest them immediately. Collecting premiums up front improves financial metrics, liquidity and RBC scores.
- Obtain Premium Financing Directly – Get financing from IPFS for your members without having to use a broker (also eliminating a brokerage fee)
- Save on Billing, Legal, and Staff Costs – Outsource your financing customer service, billing, staffing, collection, and legal compliance documents to IPFS.
- Earn Out a Portion of the Finance Charges – Opt-in to receive profits of shared interest collected by IPFS or opt-out to get the lowest possible rate for your members.
- Get Your NRRA Dues Covered by IPFS – Provide financial support to NRRA at no cost to the RRG.
- Help Gain New Members for Your RRG – Financing allows RRGs that do not currently allow deferred payments to have access to customers who are unable to pay premiums up front. Offering installments increases insurance sales by 5-7%.
- Leverage IPFS Technology – Get set up with a quick, easy-to-use dashboard and automated quoting process that also enables you to add additional payment options for a greater user experience for your members.
HOW MUCH IS THE FINANCIAL BENEFIT FOR MY RRG?
If you allow or have “deferred payments” for members, you can use our online calculator tool to get an immediate, dollar amount estimate of the financial benefit of joining the program.
If you do not allow for deferred payments, reach out to IPFS at the information below to request an estimate of the financial benefit of joining the program.
HOW TO PARTICIPATE
Contact IPFS to schedule a convenient time to discuss the program and your company’s specific situation and needs.
IPFS
Andy Roderique(630) 917-1481
Andy.Roderique@ipfs.com
Additional benefits:
- Get set up with the program in as little as one business day
- IPFS offers 24/7 account access for NRRA members
- Cancellation alerts and custom integrations are available
HOW IT WORKS
Learn More about how the premium finance program works and how it can benefit you by watching this Q&A with IPFS
FAQ
Who can join this program?
This program is open to all NRRA member RRGs
How much is the financial benefit?
Current members are generating thousands to hundreds of thousands by participating in this program.
Do I have to pay IPFS or NRRA?
No. In fact, IPFS pays for YOUR NRRA dues as well as offers you a portion of the collected interest.
What if I don’t do deferred payments?
All RRGs can benefit financially from this program, regardless of whether or not you allow deferred payments.
GET STARTED NOW!
Contact IPFS to schedule a convenient time to discuss the program and your company’s specific situation and needs.
IPFS
Andy Roderique(630) 917-1481
Andy.Roderique@ipfs.com
*NRRA Dues Paid by IPFS only for NRRA Member RRGs that use IPFS exclusively for premium finance. The amount of dues paid by IPFS for the NRRA Member RRG depends upon the amount of the RRG’s premium financed by IPFS.