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Our Process


DISCOVER – Explore Case Details

Initial sharing of information between Vérité and the advisor/client. Primary focus is on insurance needs and borrowers’ financial commitment. It also includes life insurance illustrations to be financed and discussion regarding borrowers’ financials.


DESIGN – Customized Architecture

Vérité will create a customized Premium Finance design to meet the clients’ goals. This stage is often a “back and forth” between Vérité and the referring advisor. We will suggest products that allow for the highest probability of success.


SUBMIT – Lender Submission Document Preparation

Borrower to provide necessary documents/financials to form a complete package. Vérité will obtain term sheet(s) and upon review, negotiation and acceptance, will proceed to formal approval.


CLOSE – Close The Transaction

Either in person, by phone and/or through WebEx, we will be present throughout to ensure a smooth closing and document signing. The closing package is inclusive of applications, documents, designs and stress testing.


FUND – Facilitate Premium Payment

Following receipt of signed and notarized documents, pledged collateral (if needed) and receipt of interest (if required), the bank will send a wire to the insurance carrier for the premium.


MANAGE – Ongoing Analysis

Vérité has an annual process to ensure a successful renewal. This is not “set it and forget it.” We evaluate both the insurance performance and the lending terms on an ongoing basis.

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