Can I make installment payments?

Yes. The payment plan is 30 percent down (subject to $25 minimum down payment) with the first installment two months after the effective date of the policy and the second installment three months after the policy effective date (and so on up to the fifth and final installment). The full premium must be paid within six months after the effective date of the policy.

For example:

  • Policy effective date is June 15, 2013.
  • Annual policy premium is $400.
  • Down payment = $120
  • Installment payment #1 = $56 due on Aug 15, 2013
  • Installment payment #2 = $56 due on Sept 15, 2013
  • Installment payment #3 = $56 due on Oct 15, 2013
  • Installment payment #4 = $56 due on Nov 15, 2013
  • Installment payment #5 = $56 due on Dec 15, 2013
  • No payment due until renewal on June 15th.

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