at the end of the line after selecting.Select from the list to indicate the down payment method. Click the mouse icon at the end of the line after selecting.
Bill the Down to Agent. The down payment bill for the policy is sent directly to the agent. For the Full Pay payment plan, this is 100 percent of the bill.
Bill the Down to Lienholder. The bill for the policy is sent directly to the lienholder. For lienholder, this is 100 percent of the premium.
Bill the Down to Sub-Producer. The down payment bill for the policy is sent directly to the sub-producer. For the Full Pay payment plan, this is 100 percent of the bill.
Bill the Down to Client. The down payment bill for the policy is sent directly to the applicant. For the Full Pay payment plan, this is 100 percent of the bill.
Credit Card. Charge the down payment to a credit card. For the Full Pay payment plan, this is 100 percent of the bill. Credit card authorization is performed when the Submit button is clicked. If the card is charged, a success message displays and the Reference Number and Authorization Code are displayed should you desire to record them for your records.
Check or Money Order. If collected and EFT Down Payment is not selected, forward the check or money order with a printed application to American Modern. For the Full Pay payment plan, this is 100 percent of the bill.
EFT Down Payment. Voided check and approval for EFT is received from applicant (do not use a bank account number from deposit slip). When the policy is booked, funds are transferred immediately from the applicant's bank account once for the down payment. For the Full Pay payment plan, this is 100 percent of the bill. modernLink® attempts to verify the Bank ABA and account number with a third party service when either the Submit, Next, or Previous buttons are clicked.