A partnership built on trust

AFCO and Everest are proud to provide you and your insureds with a premium payment alternative for policies through Everest.


How can we help?


We anticipate your premium financing needs.


Learn about the AFCO-Everest premium finance loan process.


Download or print PDFs of useful forms and documents.

Contact us

From technical support to account questions, we're here to help.

Frequently asked questions

Here is a list of frequently asked questions (FAQs) about the Everest Premium Finance Program with AFCO.


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How do I receive an AFCO Premium Finance Agreement?

Everest can automatically include an executable Premium Finance Agreement with each insurance quote. Please ask your Everest underwriter for an executable premium finance agreement.


What do I do after I receive the Premium Finance Agreement from Everest?

Obtain the insured’s signature on the Premium Finance Agreement (PFA) and collect the down payment denoted on PFA.


Who should the down payment check be made payable to?



Who is AFCO?

As a top-tier premium finance company operating in the U.S. and Canada, AFCO is part of the BB&T Insurance Holdings and Premium Finance group and a subsidiary of BB&T, one of the largest financial services holding companies in the U.S. Bank. Working directly with insurance agents and brokers, AFCO provides the loans that finance commercial property and casualty insurance. Whether the insured business is large or small, AFCO customizes insurance financing as needed to help agents and brokers support their clients across the spectrum of industry needs. Additional information is available at afco.com.



What are the standard premium finance terms?

5% down payment and 11 monthly installments.

What will be the APR on the finance contract?

Rate will vary based on prevailing interest rates and size of annual premium.



What types of premium finance payment options are available?

Details may be found in the Convenient Payment Options flyer.


Can my insured have the monthly payment automatically debited from their checking account?

Yes, please have insured visit AFCO's website to complete registration at myafco.com/borrower

Will the Agency be listed on the finance contract?

Yes as such you will get copies of various delinquency invoices.



Will the Agency receive various premium finance delinquency and cancellation notices?




How can I access the premium finance insured information?

You can access the insured information via AFCO’s website at afco.com. All you need is the insured's AFCO account number and zip code.



When do I get paid my commission?

Everest will pay commission directly to your agency.

What if my insured wants to pay a higher down payment?

Agent should call AFCO Direct at 877-317-6437. AFCO will adjust and forward a revised executable agreement.



What if there is an additional premium endorsement?

Contact AFCO at 877-317-6437. In many situations, AFCO will add the additional premium to the insured’s outstanding loan without any additional documentation or down payment required.


What if there is a return premium endorsement?

Everest will forward the return premium to AFCO. AFCO will apply the return premium to the outstanding loan. The remaining loan payments will be adjusted accordingly. The insured will receive an advisory notification from AFCO.



Can AFCO finance a personal lines policy?

No, commercial policies only.


Is there an approval process for my agency to utilize the program?

No, your agency is pre-approved to finance Everest policies. If you want AFCO to finance non-Everest policies, please contact AFCO.


Can multiple Everest policies be combined into one agreement?

Yes, agent should call AFCO Direct at 877-317-6437.

Premium finance process

Our insurance premium finance process is simple, easy and fast. 


Step 1: Quote

Agent receives from Everest an executable AFCO premium finance agreement​ with the Everest insurance quotation


Step 2: Client agreement

Retail agent collects down payment made payable to AFCO and executed agreement from insured


Step 3: Agent agreement

Retail agent signs premium finance agreement in producer section of agreement


Step 4: Submission

Retail agent forwards executed agreement and down payment to AFCO Direct at 5600 W. River Rd., Suite 400, Rosemont, IL 60018-5187


Step 5: Loan booked

AFCO books loan

  • AFCO begins billing insured
  • AFCO funds total premium to Everest
  • Everest pays commission to retail agent

Contact us

For general questions please email or call at:

Send executed agreements and down payment to:

AFCO Direct
Suite 400
5600 N. River Rd.
Rosemont, IL 60018-5187