Get the free Systematic Premium Preauthorized Debit Form - AIG.com

First Sun America Life Insurance Company Annuity Service Center P.O. Box 9006 Amarillo, TX 79105-9006 Telephone: 877.289.0256 Systematic Premium Preauthorized Debit Form Contract Number Owner. Address.

How to fill out systematic premium preauthorized debit

How to fill out systematic premium preauthorized debit:

1. Obtain the necessary forms: Contact your financial institution or insurance provider to request the systematic premium preauthorized debit form. They will provide you with the appropriate forms to fill out.
2. Provide your personal information: Fill in your full name, address, phone number, and email address in the designated sections of the form. Ensure that all the provided information is accurate and up-to-date.
3. Specify the policy details: You will need to provide the details of the insurance policy for which you are setting up the preauthorized debit. This includes the policy number, type of insurance, coverage amount, and any additional information required by your insurance provider.
4. Select payment frequency and amount: Indicate how often you would like the premium to be debited from your bank account. This can usually be monthly, quarterly, semi-annually, or annually. Specify the exact amount you would like to be withdrawn for each payment.
5. Provide banking information: Enter your banking details, including the name of your financial institution, branch number, account number, and transit number. Ensure that you double-check this information to avoid any errors that could impact the successful processing of your preauthorized debit.
6. Sign and date the form: Once you have completed all the necessary sections of the form, carefully read through the terms and conditions. Sign and date the form to indicate your consent and acceptance of the preauthorized debit arrangement.
7. Submit the form: Return the completed form to your insurance provider or financial institution, following their specified instructions. It is recommended to keep a copy of the form for your records.

Who needs systematic premium preauthorized debit?

1. Individuals with insurance policies: People who have insurance policies, such as life insurance, auto insurance, or home insurance, may opt for systematic premium preauthorized debit to ensure timely payment of their premiums without manual intervention.
2. Those who prefer automated payments: Individuals who prefer automated payments and want to avoid the hassle of remembering to pay their insurance premiums manually may find systematic premium preauthorized debit convenient.
3. People seeking financial stability: Systematic premium preauthorized debit can provide financial stability by ensuring that insurance premiums are paid on time. This helps maintain continuous coverage and prevents lapses in insurance protection.
4. Policyholders looking to avoid late fees: By utilizing systematic premium preauthorized debit, policyholders can eliminate the risk of missing payment due dates, thus avoiding any potential late fees or penalties that could otherwise be incurred.
5. Individuals who value convenience: Systematic premium preauthorized debit offers convenience by automating the payment process. Once set up, policyholders do not need to worry about making regular premium payments manually.

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