Are there any life carriers who would accept weekly premium payments

[DHK]

Yes, the same credit card fees apply to the insurer.

 

[WinoBlues]

I wonder if credit card payments for life insurance have fees included in the same way small businesses don't like. Otherwise why the lack of acceptance.

Probably fees and disputed cc payments.

I get asked periodically because people want the points and miles.

 

[somarco]

I wonder if credit card payments for life insurance have fees included in the same way small businesses don't like. Otherwise why the lack of acceptance.

Probably . . .

I have been told the reason why carriers don't like credit cards for autopay is because credit cards have expiration dates . . . bank accounts don't.

 

[rousemark]

Progressive Millennials vs Stodgy Insurance Companies... who will give in first?

Ain't nothing progressive about wanting to pay life insurance premiums weekly. About as backward as you can get.

 

[yorkriver1]

re: cards end dates---I tell this to clients, particularly for underwritten coverage, in my case 99% MedSupps. If you forget your CC/Debit card renewal on the underwritten policy and it lapses, you may not be able to get it back, if health conditions don't pass underwriting. I don't have many MedSupp carriers who are ok with bank cards, and while life policies are not my BnB, also, the carriers don't like it, and yes, expiring cards are a problem. Also, really, with ACA coverage, too, since open enrollment is the only time to reapply for coverage generally.

 

[yorkriver1]

This client for health insurance currently, is the SIL of a person who is best friends with another client who I have deep roots with and referrals. So, yes, I am willing to entertain the possibilities for the new father and spouse.

 

[Newby]

This client for health insurance currently, is the SIL of a person who is best friends with another client who I have deep roots with and referrals. So, yes, I am willing to entertain the possibilities for the new father and spouse.

Tell them to save up for the next 4-weeks and you will apply in 1-month. Then each time they have a payment due, they will have 4-weeks to save up for it.
If they can’t do that I don’t care who’s sister they are.

 

[marindependent]

Good Lord, what is next Daily Premium Payments?

How about Hourly?

Perhaps we can just connect the policy to their apple watch and charge them per beat of their heart.