There are five options to help make your insurance premiums fit your budget. Simply read over the following choices and check your preferred payment method on the form that follows.
Option 1: Full Pay
By cheque, money order, VISA, MasterCard or American Express. One payment for the full policy term. Full payment is due on the date that the policy becomes effective.
Option 2*: Two Pay
Two cheques for two equal installments with the first cheque dated on the policy effective date and the second post-dated 30 days later.
Option 3*: Three Pay
Three cheques for three equal installments. The first cheque dated on the policy effective date, the second cheque post-dated 30 days later, and the last payment post-dated 60 days following the policy effective date.
Option 4*: Four Pay
Four cheques for four equal installments. The first payment is due on the policy effective date, the second cheque should be post-dated 30 days later, the third post-dated for 60 days, and the final cheque post-dated 90 days following the policy effective date.
Option 5: Pre-Authorized Chequing Plan (PAC)**
PAC is an easy way tp pay for your insurance through automatic monthly withdrawals from your bank account.
You’ll save time…there are no cheques to write and no envelopes to mail. You’ll remove the pressure of making a large lump sum payment at application or renewal time. And smaller monthly installments are easier on the budget.
* A $10.00 service charge must be added to the first cheque for any of our multi-payment direct bill plans.
** A 3% finance charge applies to all premiums processed on the PAC plan.