Policy owner payment options.
Make a payment via Homesteaders.
Policy owners who make policy payments through Homesteaders can expect to:
- Make automatic, fee-free payments from checking and savings accounts.
- Pay off their policy in one lump sum (Single Payment Policies) or via multiple payments (Multiple Payment Policies).
- Call our Customer Service team to pay off their Multiple Payment Policy early.
Have additional questions? Explore our policy owners’ frequently asked questions surrounding Homesteaders’ payment options.
Make a payment via Simply Easier Payments.
Simply Easier Payments, our independent credit card processor, offers policy owners the option to make one-time payments, recurring payments or early payoffs on their Homesteaders’ policy via credit/debit card or ACH (E-Check)*.
*New Business applications are not eligible to pay via ACH (E-Check), only by credit/debit card.
Policy owners who make policy payments through Simply Easier Payments can expect to:
- Incur security and delivery fees from Simply Easier Payments when paying by credit/debit card.
- Have the option to set up a recurring payment schedule on Multiple Payment Policies.
- Have the ability to modify their account, including updating their account profile, adding or updating the credit card on file or canceling a recurring payment previously scheduled.
Have more questions about Simply Easier Payments? Explore our policy owners’ most-asked questions.
General questions surrounding payment options.
Can I pay off my policy at a later date?
Homesteaders offers an early payoff option for Multiple Payment Policies. Additional fees may apply based on when our office receives your final payment. You can call our Customer Service team at 800-477-3633 to discuss early payoff — we’re here to help.
What are my policy payment options with Homesteaders?
You can pay for the entire policy up front (Single Payment Option), which provides you with a paid-up policy, or, depending on certain qualifying factors, you can pay for the policy over a number of years (such as three, five or 10 years) — also known as a Multiple Payment Policy or Multi-Pay Policy.
When paying for the entire policy up front, policy owners can contact our Customer Service team at 800-477-3633 for assistance.
When paying for the policy over a number of years, policy owners can set up automatic ACH payments with Homesteaders to withdraw funds from a checking or savings account with no fees, or they can use Simply Easier Payments to make one-time payments, recurring payments or early payoffs via credit/debit card or ACH (E-Check)*.
Our Customer Service team can answer all of your payment-related questions. Call them at 800-477-3633.
*New Business applications are not eligible to pay via ACH (E-Check), only by credit/debit card.
What is an ACH (E-Check) payment?
Automated Clearing House (ACH) is an electronic withdrawal of funds from a checking or savings account for an authorized amount. This type of withdrawal is also known as an E-Check payment.
How can I get more information about Homesteaders' credit/debit card and ACH payment options?
We encourage you to check out our brochure about credit/debit cards and eCheck payments. You can also call our Customer Service team at 800-477-3633 or submit the form on our Get In Touch Page — we’re happy to help answer your questions.
Making payments via Homesteaders Life Company.
Can I make a credit/debit card or E-Check payment on a policy that is currently set up on Homesteaders' automatic payment plan?
No, we only accept direct-billed policies. If you need assistance, please contact our Customer Service team at 800-477-3633 — we’re here to help with all of your payment-related questions.
How do I set up a recurring payment for E-Check?
Please fill out the “Request for Automatic Payment Plan” form and contact our Customer Service team at 800-477-3633 to set up an automatic payment plan. You will need to provide a voided sample check for the appropriate bank account along with a completed form.
When do pre-authorized check withdrawals withdraw from my bank account?
Homesteaders sends the withdrawal requests to the bank on the policy issue date, unless the policy owner requests a different withdrawal date. If the policy issue date falls on a weekend or holiday, the request is sent on the next business day. However, due to bank processing, the withdrawal may not post to your account until one to three days later.
Making Payments via Simply Easier Payments.
Are there fees associated with E-Check or credit/debit card payments?
There are no fees for E-Check payments.
With credit/debit card payments, Simply Easier Payments — our independent credit card processor — charges a separate security and delivery fee.* By using this service, you are contracting with Simply Easier Payments to process the transaction.
Any fee charged and collected over and above the premium amount is charged and collected by Simply Easier Payments and is not submitted or collected on behalf of Homesteaders Life Company.
There are two fee structures for each type of credit/debit card payment: a flat fee up to a fixed payment amount and a percentage-based fee for payments exceeding that amount. They are as follows:
New Application for Single Payment Plan:
Fee for payments up to $2,000.00: $49.95
Fee for payments from $2,000.01 to $4,999.99: $129.95
Fee for payments from $5,000.00 to $10,000.00: $209.95
Fee for payments above $10,000.00: 3% of payment amount
New Application for Multiple Payment Plan:
There is a $4.00 fee for payments up to $300.00 and a 3% fee on payments $300.01 and above.
Premium Payment:
There is a $4.00 fee for payments up to $300.00 and a 3% fee on payments $300.01 and above.
Early Payoff:
There is a $79.99 fee for payments up to $5,000.00 and a 3% fee on payments $5,000.01 and above.
*Note: Fees not applicable on all products. Any fees for your transaction will be shown before payment is completed.
Who pays the security and delivery feeds for credit/debit card payments?
The cardholder will pay the fees.* The Homesteaders payment amount and the fee charged by Simply Easier Payments will be separated on the cardholder’s credit card statement. The Homesteaders payment will show as Homesteaders and the fees as Simply Easier Payments.
Any fee charged and collected over and above the premium amount is charged and collected by Simply Easier Payments and is not submitted to or collected on behalf of Homesteaders.
*Note: Fees not applicable on all products. Any fees for your transaction will be shown before payment is completed.
Are the security and delivery fees refundable if I cancel the entire payment?
Yes. If cancellation occurs within 30 days of payment, Simply Easier Payments will refund the cardholder for the applicable security and delivery fees.
Which credit/debit cards can I use to pay my premium?
We accept American Express, Discover, Mastercard and Visa.
Can I use my government-issued Direct Express Mastercard to make a payment?
Yes, the Direct Express Mastercard works just like any other debit card.
Can I make a combined credit/debit card or E-Check payment for more than one policy or insured?
No, only one policy per transaction is allowed on Simply Easier Payments. If paying multiple policies, you must enter separate transactions for each policy or insured.
Can I split the total amount due into multiple payments to avoid a higher security and delivery fee for credit/debit card payments?
No, you must enter the entire payment as one transaction. Failure to comply with this requirement may jeopardize your ability to make future credit/debit card payments via Simply Easier Payments.
Can I set up a recurring credit/debit card payment on a Multiple Payment Plan?
Yes, after accessing Simply Easier Payments, a recurring payment option is available when you select “Pay a Premium on My Current Policy” from the payment selection screen.
After entering the current payment details and your card information, Simply Easier Payments will direct you to the next screen where you can check the box requesting to have your account charged on a recurring schedule. You must then create an account under the “Manage Your Profile” section.
For future payments, Simply Easier Payments will charge your card on the premium due date.
Please note: You will continue to receive billing notices from Homesteaders while on the recurring payment option.
How do I cancel or modify a recurring credit/debit card payment?
From the main menu in Simply Easier Payments, select “Modify My Recurring Payment Option.” You will then have the option to update your account profile, add or update the credit card on file or cancel a recurring payment that you’ve previously scheduled.
Can I make a credit/debit card or E-Check payment on a lapsed or non-premium paying policy?
No, we only accept payments on active billing policies for the current premium due.
Quick form links for policy owners.
Customer Service Change Request Form
Request for Automatic Payment Plan Form
