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| The premium is due Sept. 30
Postmarked and paid are two different things.
Some companies do allow 5 days grace but the only sure way to avoid an interest charge
is for the payment to be received by the company prior to October 1.
It is foolish to risk a 45 day interest charge trying to time your payment to the last possible 'ontime' date.
If interest is charged then that will be the first money taken from the premium payment with
the remainder of the check will being applied to the premium due. | |
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