Agency Funding Participation (AFP) Contract Funding™
AFP Contract Funding™ is a proprietary float management program that allows agencies to earn interest on float balances created by the timing difference between the effective date of insurance policies and the remittance date of corresponding premiums. The AFP Contract Funding™ Program is an automated payment remittance service with monthly reporting tools that facilitate highly efficient cash flow management.
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Flex-Plan™
Agency Funding Participation (AFP) Flex-Plan™
The AFP Flex-Plan™ is a proprietary program allowing insurance agencies to participate in the funding of the premiums. Agencies co-fund a portion of the premiums they finance by placing funds into a profit sharing account with Capital. The profit sharing account earns interest significantly higher than traditional financial institution saving accounts. Participants in the AFP Flex-Plan™ have full liquidity of funds.
Max-Plan™
Agency Funding Participation (AFP) Max-Plan™
The AFP Max-Plan™ is a proprietary annual program allowing insurance agencies to participate in the funding of the premiums. Agencies co-fund a portion of the premiums they finance by placing funds into a profit sharing account with Capital. The profit sharing account earns interest based on loans generated by agencies. The AFP Max-Plan™ is an annual program with limited liquidity.
Summary
Agency Funding Participation (AFP) Programs
Capital Premium Financing has established a series of proprietary programs for insurance agencies. The AFP Contract Funding™, AFP Flex-Plan™, and AFP Max-Plan™ were designed to add value to the overall relationship with Capital.