|
The Brethren Mutual Insurance Company offers personal, commercial and farm policyholders convenient methods for paying insurance premiums:
• Check
• Money Order
• Online Credit Card
• Single Credit Card
• Monthly Revolving Credit Card
• Electronic Funds Transfer (EFT)
Take a look at how to take control of your insurance premium payment instantly…it's simple! The Revolving Credit Card Payment Plan and the Electronic Funds Transfer Payment Options provide customers with a quick and simple method to take control of insurance premiums.
Online Credit Card Payment - New!
Brethren Mutual offers its policyholders the convenience of paying their premium online with a credit card. Please note you cannot make an online credit card payment when you select the Revolving Credit Card plan. The Revolving Credit Card plan is set-up to automatically charge your credit card on a monthly basis.
What is the difference between Credit Card and EFT?
Once selecting the revolving credit card payment method, Brethren Mutual will automatically charge your Mastercard or VISA with the appropriate premium payment. If you choose the EFT payment option, Brethren Mutual will automatically withdraw the appropriate premium payment directly from your checking or savings account.
Which method is best for you?
Both the Credit Card and EFT premium payment methods are quick and hassle-free for the policyholder.
Brethren Mutual gives customers the flexibility of selecting a payment method that works best for them!
Credit Card Plan
1. Select either the Single or Monthly Revolving Credit Card Payment Plan Option on the Convenient Pay Application included in your premium bill.
2. Complete the credit card information on the application.
3. Return Insurance Billing Notice and signed application to Brethren Mutual by the indicated due date.
4. For the Revolving Credit Card Payment Option, Brethren Mutual will divide your total premium payment due into 12 equal payments (6 payments for a personal auto premium).
5. Your credit card will be automatically charged with the appropriate payment. A $4 service fee will be added to each payment for processing.
6. If you select the Monthly Revolving Credit Card Payment Option, you will not receive another billing notice until your policy renews (unless policy is endorsed mid-term).
Electronic Funds Transfer (EFT)
1. Select either the Single or Monthly EFT Payment Plan Option on the Convenient Pay Application included in your premium bill.
2. Complete information regarding your bank account and routing number on the application
3. Return Insurance Billing Notice and signed application to Brethren Mutual by the indicated due date.
4. Please provide a voided check for bank account verification.
5. Brethren Mutual will pull the appropriate monies from your designated checking or savings account. A $4 service fee will be added to each payment for processing.
6. If you select the EFT Monthly Payment Plan Option, you will not receive another billing notice until your policy renews (unless policy is endorsed mid-term).
Things to Remember
Changing Payment Methods...
Once you have signed up to take advantage of a particular payment plan, it is important to remember that the plan you select will continue until the end of your policy term. At the end of the policy term, you may choose another payment plan that may be more convenient for you.
Lost or Stolen Credit Card...
Please contact Brethren Mutual's Policyholder Services Department (1-800-621-4264) if your credit card is lost or stolen. Additionally, please contact the Policyholder Services Department if any information has changed on your bank account.
Brethren Mutual strives to provide its policyholders with superior service. If you have any questions, please contact our Policyholder Services Department at 1-800-621-4264 or e-mail: Policyholder Services.
|
