Billing and payment options
Your financial institution is billed immediately, regardless of the effective date of the policy, for the entire premium if you choose annual pay or for the first installment if you choose a pay plan. Additional installments are billed as follows:
4 Pay - 3 additional installments billed every other month.
Monthly - 10 additional installments billed monthly.
You can pay your premium by choosing an annual payment, 11 monthly payments or 4 bi-monthly payments. If you choose a payment plan other than annual, a service fee of up to $5 will be included in each installment. The service fee is not included in the initial payment.
For convenience, most customers prefer to have their payments automatically deducted. As a result, at the time of purchase Assurant automatically defaults to auto pay.
Mar. 28, 2022