Extending premium payments over time
Premium Payment Plan
If you wish to pay over time, we can provide financing that gives you 9 months to pay your premium, making it easier on your cash flow.
With 25% of the premium paid at the time to bind the policy, the remainder can be paid over the following nine months. Interest rates vary, so to provide you with exact numbers we have to compute your payments at the time we issue your policy. To give you an idea of the payments, below is a calculation per $1000.00 or premium.
Premium$1000.00
Binding Payment$250.00
Balance Due$750.00
Payment$88.6330 days after policy issued
and every 30 days for 9 months
and every 30 days for 9 months
The payment would be $88.63 per $1000.00 with a slight variance based upon interest rates at the time of policy purchase.