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Monthly payments via premium financing

When purchasing or renewing your MarshWings policy, we are pleased to offer easy monthly premium financing plans through our trusted partner, FIRST Insurance Funding of Canada. A part of the largest premium financing company in North America, FIRST Insurance Funding of Canada provides the Canadian insurance market with comprehensive payment solutions.

Benefits

Smooth out your cash flow

Spread out the cost of your insurance premiums over your policy term by eliminating the need for an upfront lump-sum payment. 

Lower your borrowing costs

Interest rates for loans are fixed so your payments are consistent and protected from rate fluctuations.

Preserve your cash and credit

As premium financing loans do not affect your borrowing capacity, you are able to retain your available cash and credit.

FAQs

Premium financing is similar to a short-term loan. For a MarshWings policy, FIRST Insurance Funding of Canada will pay your insurance premiums on your behalf. You pay back that loan over time, typically between nine and twelve months.

Most MarshWings policyholders are automatically pre-approved for monthly financing. In a few select cases, policyholders may not be pre-approved, based on underwriting and credit risk criteria. 

Yes. Interest is calculated on a declining balance and may be paid off at any time. Interest is only calculated up to the month of full repayment. Please review the terms and conditions of the financing agreement to understand any potential pre-payment service fees. 

Premium financing may not be suitable for every aviator, as individual circumstances and preferences vary. We recommend carefully evaluating the costs and benefits of premium financing and consulting with an insurance advisor or financial professional to determine if it aligns with your specific needs and goals.

Failure to make payments on time can have consequences, such as late fees and potential cancellation of the financing agreement and your insurance policy. Missed payments can easily be remitted by contacting FIRST Insurance Funding of Canada at 1 888 232 2238 or via email at clientservices@firstinsurancefunding.ca. 

Ready for takeoff?

Ready for takeoff?

MarshWings offers a fast, easy, and intuitive online application process that has the ability to quote, pay, and provide policy documentation within minutes.

Get a quote today