How to Pay Your Companion Life Insurance Bill Quickly and Easily

Having life insurance through Companion Life provides important financial protection for your family. Your policy will still work as long as you pay your premiums on time. Companion Life offers various convenient payment options to fit different lifestyles and preferences. This article talks about the main ways to pay your Companion Life insurance bill: online, over the phone, through the mail, or automatically.

I have a Companion Life policy and would like to share some tips on how to pay your bill that are easy for me to follow. There’s nothing worse than having your policy lapse due to a missed payment. I’ll tell you the best ways to pay so you don’t have to deal with problems or coverage gaps.

Overview of Payment Options for Companion Life Insurance

Companion Life gives you flexibility in how you pay your premiums, You can choose the frequency and payment method that works best for your situation, Here are the main options

• Pay online through your account portal
• Pay by phone through Companion’s automated system
• Set up autopay from your bank account
• Pay by mail with a check or money order
• Pay in person at one of Companion’s local offices
• Pay annually, semi-annually, quarterly or monthly

You can pay by debit/credit card, bank account withdrawal, cash or check Read on for details on each payment method

Paying Online Through Your Account Portal

The fastest and most convenient way to pay your Companion Life insurance premiums is through the online customer portal. Here’s how it works:

• Login at [https://proqa.companionlife.com/Clife/account/login.aspx]
• Select “Make a Payment”
• Enter your payment info and submit

Benefits of online bill pay include

• Secure 24/7 payments from your computer or mobile device
• Immediate payment confirmation and account balance updates
• Avoid lapses by paying anytime before your due date
• Store payment information for easy one-click payments
• Access full payment history and billing statements

It only takes minutes to pay online, and you can be sure that your payment is processed right away.

Paying by Phone

For fast phone payments, Companion Life offers an automated phone system. To use it:

• Call 1-866-798-2911
• Follow prompts and enter your policy number
• Enter payment information
• Hear confirmation of payment and account balance

Benefits of automated phone payments include:

• Payments can be made 24/7 for your convenience
• Quickly check your account balance and confirm payment
• Avoid lapses by paying at any time before your due date
• Low convenience fee per transaction

So whenever you need to pay quickly by phone, Companion Life makes it simple and fast.

Setting Up Automatic Payments

For maximum convenience, sign up for automatic payments to have your Companion Life premium deducted from your bank account.

To enroll in autopay:

1. Login to your account at [https://proqa.companionlife.com/Clife/account/login.aspx]

2. Click on “Recurring Payments” under Billing

3. Enter your bank account information

4. Review and submit the automatic payment authorization form

The benefits of automatic payments include:

• Payments made on time so you never miss a payment
• Avoid lapses in coverage from missed payments
• Less time spent remembering when to pay your premiums
• Option to select your monthly payment date
• Paperless billing to reduce clutter

Signing up for autopay payments takes just minutes but provides peace of mind knowing your policy stays active.

Paying by Mail

To pay your Companion Life premium by mail:

• Write a check or money order payable to Companion Life
• Include your payment stub from your billing statement
• Mail to the address listed on your billing statement

Be sure to mail your payment 7-10 days before the due date to ensure it arrives on time. Otherwise, you risk your payment arriving late and your policy lapsing.

Paying in Person

You can also pay your Companion Life premium in person at one of their local offices. Simply:

• Bring your billing statement to the Companion office
• Make your payment by cash, check or money order
• Get a receipt as proof of payment

Paying in person gives you a chance to ask questions about your policy or payment options.

Choosing Your Payment Frequency

In addition to payment method, you also have flexibility with how often you pay your Companion Life premium:

• Monthly – 12 payments per year
• Quarterly – 4 payments per year
• Semi-Annually – 2 payments per year
• Annually – 1 payment per year

Paying less frequently lowers administrative fees but results in higher individual payment amounts. Choose the frequency that aligns with your budget.

Avoiding Lapsed Payments and Coverage

No matter what payment method you choose, the key is paying your full premium amount by the due date. Late or missed payments can cause:

• Late payment fees
• Lapses in coverage
• Policy cancellation if lapses continue
• Hassles getting reinstated if your policy lapses

Avoid these headaches by paying on time, every time. Companion Life’s online, phone and automatic payment options make it easy and convenient.

Find the Best Payment Option for You

As you can see, Companion Life offers flexible insurance premium payment choices:

• Pay instantly 24/7 through your online account
• Make quick phone payments through the automated system
• Set up automatic bank account withdrawals
• Pay by mail with a check or money order
• Pay in person at a local Companion office
• Select your preferred payment frequency

Take a minute to review your options and choose the method that works best for your lifestyle. Setting up automatic or online payments can give you peace of mind knowing your premiums are always paid on time.

Paying your Companion Life insurance premiums on time protects your family with continuous coverage. Contact us if you have any questions about enrollment, payment options or account management. We’re here to help you pay your Companion Life bill quickly, easily and hassle-free.