Final Expenses: Debit, Credit Cards As Mode Of Payment

[efo2009]

Other than LINCOLN HERITAGE, is there another Final Expense carrier accepting debit and credit cards as a mode of payment?

 

[Texas Insurance Guy]

Re: Final Expenses: Debit,credit Cards As Mode Of Payment

Assurity has this option

 

[Newby]

Re: Final Expenses: Debit,credit Cards As Mode Of Payment

Assurant- American Memorial does also.

 

[efo2009]

Thank You both for the info. I have to stop writing Monthly Direct some clients eager to purchase that show you at the end that direct deposit card, debit,etc.

 

[Texas Insurance Guy]

just so you know..if its a prepaid debit card that they load/deposit on each month that can be set up as bank draft with most carriers. call the bank who issues the card and find out routing# and what account # they have in place for the client. Even the money box type cards should work like this. Better then going monthly direct and easier for the client.

 

[efo2009]

I think the last case/customer that made me start this post has a Chase card that fit with that description,Texas Insurance Guy.
I'll be back to him to review it. Thank You.

By the way, where in Texas are you?
I'm in Houston.

 

[Texas Insurance Guy]

No problem, its a good way to keep them on EFT draft that a lot of agents dont know about. I'm in Austin..wish it got hot this summer.ha
Dont know how you Houston guys take the heat + humidity.

I think the last case/customer that made me start this post has a Chase card that fit with that description,Texas Insurance Guy.
I'll be back to him to review it. Thank You.

By the way, where in Texas are you?
I'm in Houston.

 

[theinsuranceman]

The persistency on pre-paid debit cards is almost as bad as monthly direct bill.