Providing for honest things, not only in the sight of the Lord, but also in the sight of men.

Q. What types of payment methods does Bankers offer?

A. We offer:

Direct Billing – We send premium notices to you at the address you specify.

The Premium Payment Service Plan – We make monthly charges to your bank account. For more information and an authorization form, click here.

Government Allotment – This method is available to those serving or who have served in the military and are receiving pay from the government. If you are eligible for this type of payment, you must first contact your allotment officer.

Payroll Deduction – This method is available when your policy is issued under your employer’s sponsorship and the employer deducts the premiums from your pay and sends them to us.

A. Before the end of the grace period. Different policies have different grace periods. Your grace period is shown in your policy. When we don’t receive a payment by the end of the grace period, the policy lapses. If you are unsure as to the date your policy is paid to, and you have a Life Insurance policy, you can call the Policyholders Information Access Line to find out the due date. For all other plans, you can call the local office or write us.

A Some policies must be paid at a specified frequency. If your premium notice shows just one rate, you must contact us in order to find out if the frequency can be changed. If your premium notice shows multiple rates, just pay at the frequency that is preferable to you. Circle it on your premium notice and return it with your payment. Be sure to show your policy number(s) on your check or money order.

A. We hadn’t credited your payment when the notice was sent or the payment you sent was not sufficient to pay your policy current.

If you sent a payment on your Life Insurance policy, call our Policyholders Service Information Access Line. It will provide you with the policy’s current due date. It is possible that the lapse notice was sent before we had time to credit your last payment. If your policy’s due date is current, disregard the notice.

If your policy is not a Life Insurance Plan or you have Life and other coverages and you believe you sent a payment, call the local office or write us.

A. Reinstatement provisions vary by type of policy. If you received a reinstatement offer, follow the directions in that letter. If you haven’t received a reinstatement letter or more than a month has passed since you received the offer, call the local office or write us for the current reinstatement requirements.