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Monument Premium Funding

Monument Premium Funding 

Monument Premium Funding Limited specialises in financing for insurance premiums.

Premium funding enables individuals and businesses to pay their insurance premiums in easy-to-manage monthly instalments or agreed intervals. It is a flexible and convenient alternative to paying insurance premium costs upfront, freeing up cash flow for use elsewhere.

Benefits of premium funding

  • Frees up cash flow otherwise used for paying insurance premiums upfront
  • Secure funding with generally no impact on existing banking or credit arrangements
  • Convenient as multiple insurance policies can be combined into one monthly payment.
  • Credit costs are usually tax deductible
  • No additional security costs, as the insurance premium itself acts as security

How does premium funding work?

Premium financing is like a short-term loan. Monument Premium Funding pays your insurance premiums on your behalf, and you then pay it back over time. Because the loan is secured by the insurance policy, generally additional security is not required. This keeps applications simple and processed quickly. If you choose to use this service, fees and terms and conditions apply.

Who can access premium funding?

The premium funding service provided by Monument Premium Funding can be extended to most types of Crombie Lockwood commercial and domestic insurance policies.

About Monument Premium Funding

Monument Premium Funding is a related company of Crombie Lockwood. It is also part of a group of international companies owned by Arthur J. Gallagher & Co (Gallagher Group), an insurance brokerage, risk management and consulting company listed on the New York Stock Exchange.

Talk to your broker about an insurance payment plan.

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