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What is the definition of the Payment Types for a MetLife Disability Policy?

April 26, 2017definition disability MetLife payment policy types

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What is the definition of the Payment Types for a MetLife Disability Policy?

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Full Payment – Modal premium (monthly, quarterly, semi-annual, annual) Payment Not Honored – NG Check (No Good Check) Reversal of Payment Not Honored – NG Check (No Good Check) Electronic Payment – Electronic Funds Transfer (Electronic Draft) Electronic Draft Not Honored – NG Draft (No Good Draft) Electronic Draft Reversal – Electronic Draft returned per company request