No. Once the application is approved, you will receive the balance of the application month and the entire following month free.
If you select payroll deduction to pay your premiums, the deduction for the third month will occur sometime during your second month, depending upon the carrier. This is because it usually takes payroll payments two months to reach us.
If you choose to pay by automatic check or electronic funds transfer from your checking account, you have to provide a voided check at the time of application. Premiums are due in advance, and are deducted on the second to last business day of each month. This means your first payment will be taken at the end of month two.
If you choose to pay by credit card you must provide your credit card number at the time of application. Credit card payments are deducted on the 20th of each month. This means your first premium payment will be deducted on the 20th of month two.