Can my client change their premium draft date?

No, your client cannot change their premium draft date once an application has been submitted. If a different initial draft date is required, you must withdraw or cancel the current application and submit a new one with the correct effective date.

For non-third party administered policies, clients may adjust their recurring (monthly or annual) draft date after the initial premium payment has been successfully processed. To do this, the client must contact the carrier directly once the policy is Premium Paying.

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