New Business Quick Tip: EFT Draft Dates

By default, the initial premium draft will occur on the effective date of the policy. If the policy is issued on the 29th-31st the effective date and draft date will be the 1st of the following month. If the client would like a specific day of month as their draft date, they can choose a specific date between 1st-28th of the month. For IULs, if a draft date is specified, the effective date will match that draft date.