Get Bank Draft Template

Filling out the Bank Draft Template is a straightforward process that allows you to set up automatic withdrawals for your insurance premiums. This guide provides clear and detailed instructions to help you complete the form with ease.

Follow the steps to complete your Bank Draft Template online

1. Click ‘Get Form’ button to access the Bank Draft Template and open it in your preferred online format.
2. Enter your policy number(s) in the designated field to ensure your bank draft is linked to the correct account.
3. Fill in the name of the policy owner(s) as listed on the insurance policy.
4. Provide a daytime phone number for any necessary contact regarding your draft authorization.
5. Complete the street address, city, state, and zip code fields to ensure accurate identification of your residence.
6. Include a nighttime phone number, which can be used for contact purposes outside of standard business hours.
7. Select the type of bank account from which funds will be withdrawn: Checking Account or Savings Account.
8. Enter the name of your banking institution where your account is held.
9. Provide the ABA routing number for your bank, which helps to identify the financial institution.
10. Input your account number to specify which account the withdrawals will be drawn from.
11. Fill in the branch information of your bank for further identification.
12. Enter your name as the account holder, ensuring that it matches your bank records.
13. Provide the address of your bank for reference.
14. Specify the withdrawal date. Note that unless otherwise indicated, the withdrawal will occur on the 1st of each month.
15. Indicate the monthly withdrawal amount for your Universal Life or Annuity policy.
16. Attach a copy of a voided check from the account specified above, as this is required to set up the automatic payment.
17. If signing on behalf of an entity, confirm that you have the authority to do so.
18. Sign and print your name and date in the designated signature fields provided. Ensure all required parties sign if necessary.
19. Once completed, save changes, download the file, or print it for your records or to submit.

Take the next step in managing your finances by completing the Bank Draft Template online today.