Merchants offers a variety of payment plans depending on the type of policy you have such as:
One payment, paid in full at the time of policy inception.
Two Pay Plan - 60% deposit
60% deposit. The 40% balance is due 60 days from the policy effective date.
Three Pay Plan - 40% deposit
The balance is divided between two remaining installments of 30% each. The first installment is due in 90 days of the policy inception and the second installment is due 180 days of the policy inception.
Quarterly Pay Plan – 25% deposit
The balance is divided into three equal installments billed at 90 day intervals.
Ten Pay Plan – 20% deposit
The balance is divided into nine equal installments.
Twelve Pay Plan – 20% deposit
The balance is divided into eleven equal installments. This payment plan is only available for policies enrolled in our Electronic Funds Delivery (EFT) payment option.
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... the money I invest in any type of insurance is very important to me. It must be with an insurance company that treats me with care, respect, and - simply, the same way that I would treat that person.
Debbie (Merchants' claims representative) treats us professionally, respectfully, and simply - as if she was part of our family....