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CHANGE OF PAYMENT METHOD Identification Name(s) of life(lives) insured: Contract number(s): Payment method selected: Annual Preauthorized bank payment If you choose “Preauthorized bank payment,
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How to fill out change of payment method:

01
Log in to your account on the website or app of the service provider.
02
Navigate to the settings or account management section.
03
Look for the option related to payment methods or billing.
04
Click on the "Change Payment Method" button or link.
05
Select the new payment method you would like to use from the available options.
06
Provide the necessary details for the new payment method, such as credit card information or bank account details.
07
Review the information you have entered to ensure its accuracy.
08
If required, make sure to update any billing addresses associated with the payment method.
09
Confirm the changes and save your new payment method.
10
You may receive a confirmation message or email regarding the successful change of payment method.

Who needs change of payment method:

01
Individuals who have recently acquired a new credit card or bank account may need to update their payment method details with various service providers.
02
Customers who wish to switch from one payment method to another, such as changing from a credit card to PayPal or vice versa.
03
People who prefer to use a different payment method due to personal reasons or for security purposes may also need to make a change.
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Change of payment method refers to the process of updating or modifying the way in which payments are made for a particular service or product.
Any individual or entity who wishes to update their payment method for a specific service or product is required to file a change of payment method.
To fill out a change of payment method, you typically need to submit a form or update your payment information online through the provided portal.
The purpose of a change of payment method is to ensure that payments are processed accurately and efficiently according to the updated information provided.
The information that must be reported on a change of payment method form typically includes the new payment method details, such as credit card number, bank account information, or payment card information.
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