New Social Security Payment Mode Options for Final Expense Sales The new Social Security billing option has a variety of benefits to both you and the clients you serve, and we want you to be prepared with all of the information you need to be successful with this new tool. This new payment mode will be available beginning on November 3rd for clients that utilize Social Security benefits for premium payments. The updated forms will also be made available on November 3rd on ANI > Forms. How does this benefit you? The Social Security billing option can help increase your persistency and sales opportunities. Premiums are withdrawn to correspond with Social Security Benefit payments. Timing our withdrawal with the deposit of the clients Social Security Benefits will ensure premiums are collected prior to clients withdrawing funds. How does this benefit the client?Clients can have the peace of mind knowing their premiums will be withdrawn to correspond with their Social Security Benefit payments. We find that clients who rely on Social Security deposits to cover the cost of their Final Expense policy want the coverage to stay active. Benefits for everyone:We have the ability to withdraw on corresponding Social Security Benefit deposit dates for both checking accounts and the Direct Express MasterCard. We are one of few carriers that have this ability to use this as a mode of payment. Get quick answers to the frequently asked questions: View the recorded webinar or presentation PowerPoint to:
Understand the schedule of social security benefit payments
Understand the 5 deposit / withdrawal options
Review how to accurately complete the Social Security Benefit Billing Authorization Form
Understand Direct Express MasterCard and the information necessary for successful draft
Review 10-day rule to determine deposit/withdrawal date for client
Additional questions and/or concerns can be emailed here
