Flexible Billing and Payment Options
MMG Insurance Company offers a variety of payment options to allow you to choose
the payment option that works best with your budget. There are several Direct Bill
Options including Mortgagee Billed (Escrow), Electronic Funds Transfer (EFT), Payroll
Deduction (EZ-PAY$) and Agency Billed.
 | Quarterly Payment Schedule. The annual premium is divided into four (4)
easy installments. We offer a true quarterly payment plan. A 25% deposit is required with
new submissions. Subsequent due dates will be assigned in three (3) month intervals based
on the policy effective date. A $5 processing fee is added to each individual payment
received. With the quarterly payment option, you can pay the minimum amount due, the
entire balance, or any amount in between. |
| Semi-annual Payments. We do not offer this option as an individual billing
method but if you want to pay semi-annual payments just choose the Quarterly Payment
Schedule. Then just pay the total of the first two (2) quarters. You will not receive another bill until the third quarter. At that time
you may choose to pay just the third quarter or pay the bill in full. As a $5 processing fee is
attached to each individual payment. You will save $10 using this method of payment. |
| Annual Payment. We do not offer this
option as an individual billing method but if you want to pay annually,
just choose the Quarterly Payment schedule. When your bill arrives, pay
the total annual premium. Make one payment. No processing fees. |
| 9-Pay, the Monthly Payment Plan. 9-Pay is available for any single annual policy
or combination of annual policies. 20% of the estimated annual premium is required for
a down payment. The remaining 80% of the premium is divided into eight (8) equal
payments. Due dates will be one (1) month apart. This payment method is especially
helpful as the minimum amount due is reduced into smaller increments. With each
installment a $5 processing fee is attached. You may pay more than the minimum amount due. |
| Mortgagee Billed (Escrow). If you have set up mortgage payments to include
insurance premium, we can bill your Mortgagee directly. Advantages include no processing
fees or a separate Homeowners insurance bill(s) to pay. |
| Payment by Credit Card. For maximum convenience, we accept VISA and
MasterCard for your online
or phone credit card payments.
To pay your bill with your credit card online, all you have to do is log
into our public website, www.mmgins.com , click
"make a payment", and follow the easy instructions to register your
account. It's simple, secure and you can pay anytime, day or night.
If you prefer to pay your bill with your credit card by phone, please
call 1.888.MMGBILL (1.888.664.2455) during our regular business hours
(8:00 am to 4:30 pm Monday through Thursday and 8:00 am to 4:00 pm on
Friday). One of our Customer Service Representatives would be glad to
assist you.
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The "Freedom Plan"
Electronic Funds Transfer (EFT) |
The "Freedom Plan". Electronic Funds Transfer (EFT) automatically deducts
your insurance premiums from your bank account each month, saving you time and money. There are no fees and premiums are spread out monthly,
distributing payments evenly throughout the year. No more worries that insurance
premiums are not current when leaving for vacation, or just have more important things to
do! As long as you have a checking or savings account, are a customer in good standing and
wish to pay your premiums monthly, you are eligible to enroll in this program.
Brochure available!
257KB / 2 Pages. Estimated download time is 5 minutes.
How to Enroll: Contact your
local Independent Insurance Agent and ask about MMG's "Freedom Plan". If
you currently have an MMG policy in our direct bill program, EFT can
be selected during the current term or at the next renewal of your
policy. Just print a copy of the Authorization
Agreement. Mail the completed form and a VOIDED check (if you are using a checking
account) to MMG Insurance Company, PO Box 729, Presque Isle, ME 04769.
Notifications:
| A Withdrawal Notification will be mailed confirming the amount and date of future
withdrawals. |
| A change to your policy during the annual term will generate another notice informing
you of the change in your monthly withdrawal. |
| Upon renewal, updated policy(ies) and future withdrawal information will be
automatically provided for you. |
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