Am I Dreaming?

Finale · 02-02-2009, 09:49 AM

Did I read somewhere that Forethought offers a credit card premium payment option on their FE product, or am I dreaming? Very few if any companies offer Credit card payment and just need some clarification.
Thanks in advance.

inreverse · 02-02-2009, 09:59 AM

Lincoln Heritage offers a credit card option.

Finale · 02-02-2009, 10:14 AM

If I'm not mistaken I believe the only credit card option offered by Lincoln Heritage is an initial premium, one-time only lump sum payment, not the on going premium month-to month payment.

jdeasy · 02-02-2009, 10:52 AM

Originally Posted by Finale

If I'm not mistaken I believe the only credit card option offered by Lincoln Heritage is an initial premium, one-time only lump sum payment, not the on going premium month-to month payment.

That is correct about LH. That is also the case with OM, Shenandoah, Chesapeake and any other I could find.

I have a situation now where the lady only has the SS issued credit card. She wants to buy a final expense policy. The only company I could find that would do monthly drafts from a credit card was Forethought. And, only thru the funeral home division. I got the prper form from Newby, but, before I could use it, Newby informed me that Forethought has discontinued the procedure.

If someone knows of a company that will take monthly drafts from a credit card, please let me know. If I'm not contracted with that company, I will give you this client as a referral so that you can take care of it.