Can you tell me more about the different payment options – automatic bank withdrawal, payroll/annuity deduction, and automatic direct billing?
Automatic Bank Withdrawal. You can choose to have premiums automatically deducted from your savings or your checking account. You can choose this option on your application, or change to this option at any time for any reason, after submitting your application. To change to this option, you will need to complete a Billing Change form. The deduction will automatically be processed from your checking or savings account on the third business day of every month. You must provide details about your account. For checking account deductions, provide a voided check. For savings account deductions, provide a savings deposit slip. You must also sign a written authorization for the deductions to begin Payroll / Annuity Deduction. Most employees, annuitants, and active and retired members of the uniformed services can choose to pay for their premiums through payroll or annuity deduction. You can choose this option on your application, or change to this option at any time or for any reason, after s
Related Questions
- Can you tell me more about the different payment options - automatic bank withdrawal, payroll/annuity deduction, and automatic direct billing?
- Can you tell me more about the different payment optionspayroll/annuity deduction, automatic bank withdrawal, and direct billing?
- Phyllis, what are the payment options? I mean, is payroll deduction available to make it really easy?
