Tuesday, December 25, 2012

Automatic Payment

Common Questions

How does Automatic Payment work?

Each month a portion of your policy premium will automatically be withdrawn from your bank account.

When will my deductions begin?

After we receive your completed authorization, we will notify you in writing of the amount and timing of your monthly withdrawals. (The withdrawal will occur on your policy effective date each month or the first business day after.)

How much will be deducted from my account?

Your premium payments will be evenly spread throughout the policy period. If you make a change to your policy that affects the payment amount, you will be notified in writing 10 days before any new deductions are made. Your bank statement will confirm each payment.

What if I change my mind after I sign up?

No problem! Just write and tell us to stop the automatic deductions. As long as we receive your request at least 20 days in advance of your deduction date, your automatic payments will stop immediately and a bill will be sent.

To Sign Up
  1. Print and fill out the authorization form
  2. If a joint account, the authorization form must include both signatures.
  3. Mail the authorization form with your minimum due payment to:

    Heartland Mutual Insurance
    P.O. Box 98
    Lismore, MN 56155

Two copies are needed:
  1. One completed copy with void check to be mailed to Heartland Mutual.
  2. Second copy is for the insured.

Please note, if this is being set up for new business, two months premium must also accompany this form in addition to the void check and application.