Learn how to make a payment towards your Lafayette policy.

How to make a payment

The following instructions are for clients who have policies with Lafayette.

1: Log in.

2: Click on blue “Make a Payment” button associated with whichever policy you’d like to make a payment towards.

Note: You cannot pre-pay your premium before it is due.

3: Check the box next to what you would like to pay: Premium, Deposit Fund, LPUA* or Loan*. (see below for more details).

Note: If you want to adjust the premium amount to a different mode (monthly/quarterly/semi annual/annual) or you want to pay only the base premium and not the LPUA at this time, call Policy Services at 1-800-243-6631 and ask them to make the changes to your portal so you can make the payment online.

4: Verify your payment details are correct. If you used a PAW form to pay your initial premium – that bank information should be pre-loaded into the system for you.

More Details:

  • *LPUA option with a blank box: Means you have more LPUA you can pay with maximum amount indicated.
  • *Loan option will be there as well for those of you who’ve taken out loans against the Cash Value in your policy. You can write in however much you’d like to pay between the specified range.

A note on Annual Policy Payments:

  • You will receive 2 invoices in the mail about 3-4 weeks prior to your anniversary date
    • Premium – you can decide at that time how to pay (annually, monthly, etc.)
    • Interest – your accumulated interest will be calculated. You should pay this by sending a check in, as you can’t pay the interest online (it will go straight towards principal instead)
  • You CANNOT pay your premium prior to your anniversary date. If you send in the payment ahead of time, the company will hold on to it until your anniversary date and apply it then.
  • You need to wait until your anniversary date or shortly after in order to make an online premium payment
  • You have a 30 day grace period, so if you don’t make your payment right on time no need to worry