6 Ways to Prevent Cancellation

ClassicPlan strives to work with the producer to prevent cancellation of their insureds' policies whenever possible. We have 6 key ways to prevent cancellation and we hope that you and your insureds will take advantage of them.

1. CANCELLATION DELAY-"EXTENSION"
   
   If you or your insured calls us on or before the cancellation effective date, we will delay the mailing of the Notice of Cancellation to the carrier(s). As there are a limited number of calendar days between the cancellation effective date and the date we are required to mail the Notice of Cancellation to carriers, you should ask the Customer Service Representative when the Notice is scheduled to be mailed. If the delinquent payment is not received by the day before scheduled mailing of the Notice, it will result in policy cancellation. We are unable to do an "extension" if delinquency is caused by a check being returned by a bank.
   
   
2. PAY BY PHONE
   
   If your insured calls our Customer Service Department and states that they would like to do a Pay by Phone, our representative will take their checking account information over the phone and process the payment for their loan as if we had received the payment in the mail. There is an $8.00 charge to the borrower for this service and we must receive the call during normal business hours.
   
   
3. PAY BY WEB
   
   ClassicPlan's Online Payment By Check is a service we provide your insured to make their payment Online using their checking account. The information will be sent to us over a secured page to insure the privacy of their information. This is a safe, reliable option to make those last minute payments to avoid cancellation.
   
   
4. WESTERN UNION "QUICK COLLECT"
   
   A borrower may go into any Western Union office in the U.S. with their monthly payment and their ClassicPlan loan information (coupon, late notice, etc.) and, after payment, a Western Union check prints in our office, usually within 60 minutes. If such a check is printed before 4:00 p.m. on normal business days, it will be applied to the customer's account the same day. This service is especially useful if the customer is out of the area.
   
   
5. PRODUCER "PAYMENT GUARANTEE" (CHECK)
   
   Please contact us or your Marketing Representative for more information on this service.
   
   
6. PRODUCER PAYMENT GUARANTEE (ELECTRONIC)
   
   Please contact us or your Marketing Representative for more information on this service.
   

That is 6 ways to prevent cancellation of an account. Contact us or your Marketing Representative for more information.