For most insurance policy types, you can pay any amount between the “Minimum Amount Due” and the “Pay In Full” amount, as indicated on your bill. For life insurance policies, you should pay the full amount due on your policy as indicated on your bill.
An installment fee may be charged separate from the premium when a customer elects to pay less than the “Pay In Full” amount. This fee offsets expenses including those associated with processing the additional payments. Charging this fee allows some insurance companies to offer our customers additional options for making payments.
Unfortunately, if you’re late or miss a payment, you risk a lapse in coverage, cancellation, or termination of your policy. You can pay online now, as well as set up automatic payments, so you have the peace of mind of knowing you’ll never be late or miss a payment. You may also contact your agent to make a payment and/or to discuss your payment options.