Sign-up for Electronic Fund Transfer (EFT)
What is EFT?
With Electronic Fund Transfer (EFT), you use your checking account to pay your insurance premium directly each month - without writing a check. That saves you time and money!
What are the advantages of EFT?
You can stop worrying about missing a premium - your premium is automatically applied to your policy.
How do I start EFT?
Simply complete the Authorization Agreement and send it to Minnesota Life and Securian Life. Your signature and a void check are required. Please pay your current bill either online, or mailing payment. This keeps your insurance in force while the EFT payment plan is set up with your bank. The EFT will start up when your next insurance premium is due.
- You'll receive a notice from Minnesota Life and Securian Life before any change in your premium amount.
- Changing banks or account numbers? Please let us know in advance to ensure proper handling of your EFT payment.
- If you have already enrolled and are currently paying your premiums automatically through this website and you choose to pay via EFT, you are responsible for canceling the automatic payment on this website. We will not be responsible for any overdraft charges from your bank should you fail to do so.