Do life insurance companies accept credit card payments for premiums? Do they charge extra to cover the credit card cost? Do any laws apply?
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in Canada, some allow it, some dont allow it, some allow it for first year premiums only. in all cases that I’m aware of, its for annual payments only.
no surcharges. but I don’t know of any regs around this - but it’s generally a provision with the credit card companies that they can’t charge more than paying cash.
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