THE NEW PLM BILLING SYSTEM

THE WAIT IS OVER

PLM/ILM is pleased to announce the long awaited launch of the new PLM Billing System for policies effective beginning January 1, 2015. The new system offers simplified and modernized payment options and was built with you in mind.

Some of the new features include:

  • Monthly Statements: Insureds will no longer use a coupon book to make premium payments for each policy. Instead, insureds will receive a single invoice for their entire account.
  • NEW! Our invoices have changed. Learn how to read it here.
  • Electronic Payments: PLM/ILM will now offer two electronic payment options for you to choose from.
    • Electronic Funds Transfer (EFT): Take the hassle out of billing! Enroll in EFT by simply signing an Authorization Agreement and leave the rest up to us. PLM/ILM will automatically transfer monthly premium payments from your bank to ours so you can focus on your business.
    • ePayments: Enroll in ePayments and you will have the ability to complete a one-time payment or set up online payments following your chosen payment plan.
  • Endorsement Payments: Endorsements will no longer be billed separately. Any premium adjustment will be evenly distributed amongst the remaining payments for that policy term.

To learn more about the new billing system, please read the following communications for our insureds and producers.

paymentplans EFTflyer Interested in EFT?
Fill out the Authorization form HERE.

 

 

 

 

New Billing System Press Release
New Billing System Announcement- Insureds

New Billing System Announcement- Producers

Have a question?

Take a look at our Frequently Asked Questions

If you still have questions, our Customer Service team is always just a phone call away! They offer useful information and can answer any questions on single-term or extended-term PLM/ILM payment options. You can reach them at CustServ@plmins.com or (800) 752-1895.

PLM