Glossary
Non-Recourse Premium Finance
Non-recourse program, although no longer allowed by insurance companies, formerly provided premium finance for life insurance without the borrower or insured being required to post any form of recourse or collateral commitment.
It is the intent of Premium Finance to provide accurate and complete information regarding the definitions contained within the glossary of our website and although every effort has been made to ensure the accuract or completeness of this information, Premium Finance direct does not warrant or represent the accuracy or completeness of this information, but rather intends that this information be used as an informal resource guide. Most importantly, it is recommended that you consult with your insurance carrier(s) and your own insurance, legal and tax professionals regarding questions regarding new or existing life insurance coverage.