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Pre-Authorized Monthly Bank Withdrawal
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Installments are automatically withdrawn from your bank account each month.
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No down payment or deposit required.
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Monthly installment is 1/12th of the annual premium plus applicable sales tax and 3% service charge.
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You can choose a monthly withdrawal day between the 1st to the 28th to coincide with your cash flow.
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2.
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Variable Pay Installment Plan (VPay)
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You can pay in 1, 2, 3, or 4 installments and select from 3 payment methods – personal cheque, credit card or pre-authorized bank withdrawal.
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A minimum deposit is due at the time that your policy comes into effect. The remaining installments are due every 2 months (60 days).
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For cheque and credit card payments, a small handling fee is applied to each installment (there is no fee for the initial, minimum deposit).
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Pre-authorized bank withdrawals are a great deal – we waive the installment handling fees for this payment method.
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You can choose any withdrawal day between the 1st to the 28th to coincide with your cash flow.
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VPay Plan
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Initial Deposit
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Due Day 60
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Due Day 120
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Due Day 180
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1 Pay
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100%
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Nothing Due
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Nothing Due
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Nothing Due
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2 Pay
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50%
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50%
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Nothing Due
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Nothing Due
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3 Pay
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40%
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30%
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20%
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Nothing Due
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4 Pay
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40%
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20%
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20%
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20%
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