JJPF, or Johnson & Johnson Preferred Financing, offers premium financing services to help pay for insurance policies over time. If you have a JJPF payment plan, there are a few easy ways to make payments. This comprehensive guide will walk through the various options to make JJPF payments for your insurance premium financing.
Understand JJPF Payment Plans
With a JJPF premium finance plan, you get funding upfront to pay for your full insurance policy premium. You then repay the loan to JJPF in monthly installments with interest
Plans have a downpayment and 10-12 monthly payments. An origination fee applies. JJPF pays your insurer directly and you repay JJPF over time.
Plans can be used for property, casualty, life and health insurance policies from any carrier. JJPF finances premiums from $500-$150,000.
Payment Options Overview
JJPF offers several convenient payment options
- Pay online through the JJPF portal
- Pay by phone
- Pay by mail with check or money order
- Pay in person at a First Citizens Bank branch
- Sign up for auto-debit payments from a bank account
Read on for details on each payment method
Pay Online Through JJPF Portal
The easiest way to pay is through the online JJPF payment portal. First, ask your agent to set up your online account.
Go to JJPF.com and click “JJPF Login” to sign in. Select “Make Payment” and follow prompts.
You can pay with credit card, debit card, or electronic check. All major cards accepted.
Pay by Phone
Call JJPF at 1-800-487-7565 and select the payment option. Have your account number ready.
Let the agent know you want to make a payment. Provide your payment details over the phone.
You can pay with most major credit or debit cards by phone. Electronic checks also accepted.
Pay by Mail With Check/Money Order
To pay by mail, send a check or money order to:
JJPF
PO Box 899
Charleston, SC 29402
Write your JJPF account number on the payment for proper processing. Allow 7-10 days for receipt.
Pay in Person at First Citizens Bank
Take your JJPF invoice to any First Citizens Bank branch nationwide to pay in person.
Pay with cash, check, credit/debit card, or money order. Locate a branch near you.
A $10 processing fee applies to in-person payments.
Setup Auto-Debit Payments
For hands-free payments, enroll in auto-debit through your JJPF online account.
Payments will automatically withdraw from your checking account each month on your due date.
Login to your account, select “Auto-Debit” and enter your bank account information to sign up.
Update Billing Information
If your address changes, contact JJPF to update your billing and mailing information.
This ensures you receive billing statements and can make on-time payments to the right place.
Review Payment History
Through your online JJPF account, you can view your payment history and confirm all payments made.
Review regularly to ensure proper processing and catch any errors quickly. Contact JJPF with any issues.
Payment history provides a helpful record of your premium finance payments.
Make Partial Payments
If needed, you can make partial payments on your JJPF payment plan. This will reduce your overall monthly payment.
Partial payments still require paying the full monthly amount due by the due date. Call JJPF to arrange.
While allowed, partial payments extend your loan term and total interest paid.
Pay Off Balance Early
You have the option to pay off your full JJPF loan balance early. This eliminates future monthly payments.
To do so, login and select “Pay Off Loan” or call JJPF to process the payoff payment.
Paying it off early minimizes your total interest paid on the financing.
Avoid Late Fees
JJPF payments are due on the same date each month as outlined on your statement.
Pay on time to avoid late fees. If late, call immediately to process payment and minimize penalties.
Set calendar reminders so your payments don’t slip through the cracks each month.
Understand the Financing Process
When your insurance policy comes up for renewal, speak to your agent about 60 days prior about setting up a JJPF plan for the next policy term.
JJPF provides funding upfront directly to your insurer when the policy renews. You begin making monthly payments to JJPF.
This financing helps cover the full premium without large out-of-pocket costs when policies renew annually.
Get Support From Your Agent
Your insurance agent serves as your main JJPF point of contact for support questions or issues.
Reach out to your agent for assistance with payment options, account maintenance, and financing details.
Agents have resources to walk you through the premium finance process and payments.
Review Policy Benefits
A JJPF premium finance plan allows you to purchase the insurance policy you need, then spread out payments over time.
Review your policy closely to ensure you understand your coverage, benefits provided, and total costs.
Ask your agent to explain details and ensure the policy fits your needs before financing the premium.
In Summary
JJPF premium financing makes insurance policies affordable by spreading costs over time. Use online payments, auto-debit, phone payments, and other options to easily repay your premium finance loan monthly. Pay on time to stay current. Contact your agent or JJPF for any financing or payment assistance needed.
Benefits of Using Johnson & Johnson Preferred Financing
Competitive down payment and rate terms
Various payment options for you and your insured
Website convenience to jjpf.com 24×7
Can finance with any company that accepts outside financing
Ability to collect and process the down payment on financed accounts
Dedicated territory rep for any agency questions or issues
At least one pre-cancellation telephone attempt is made to the insured
JJL Payment Protection Insurance – Plevin Experts
FAQ
What is jjpf payment?
Johnson & Johnson Preferred Financing
We feature leading edge technology enabling our Agents to quickly generate finance agreements from our website. We also provide up-to-date account information and offer drafts or direct deposits to our Agents so they can quickly pay for a policy.
What kind of insurance is IPFs?
Types of Coverage
Some of our most frequent finance agreements include: Property & Casualty. General Liability. Commercial Auto.
What is payment protector life insurance?
… an add-on product sold by credit card companies that acts as a type of short-term insurance, allowing you to stop making your payments if you experience a …
What is one benefit of arranging premium financing directly through an insurance company?
The main benefit in premium financing is the avoiding the opportunity cost in paying out of pocket.
Who is JJPF insurance?
JJPF, a subsidiary of Johnson & Johnson, Inc., is a full-service premium finance company that has been serving independent insurance agents for over 40 years. With a team of highly trained professionals and cutting-edge technology, JJPF provides a seamless experience for both agents and policyholders alike.
What services does JJPF offer?
We also provide up-to-date account information and offer drafts or direct deposits to our Agents so they can quickly pay for a policy. JJPF has been serving Independent Insurance Agents since it was incorporated in 1988. Our friendly, knowledgeable staff is always available for your premium service needs.
Why should I pay my insurance premiums through JJPF?
When you choose to pay your insurance premiums through JJPF, you’ll enjoy a range of benefits that make the process more convenient and efficient: Competitive Terms: JJPF offers competitive terms for premium financing, ensuring that you get a fair deal for your insurance needs.
What payment options does JJPF offer?
Flexible Payment Options: JJPF offers various payment options to accommodate your preferences, including E-check, EFT by phone, automatic draft, and even credit card payments (with a small third-party processing fee).
How do I pay my JJPF Bill?
Pay by phone: Call their customer service at 1-800-868-55-73 to make a payment by phone. For assistance with your JJPF bill, call their customer service department at 1-800-868-55-73. You can also reach them by email at [email protected] or write them at: Mt. Pleasant, SC, 29464. Does my information get shared? JJPF keeps your information private.
How do I make a Johnson & Johnson preferred financing payment?
Johnson & Johnson Preferred Financing, or JJPF, is an insurance and financial services company. Their main office is in South Carolina. You can easily make your JJPF payments online. First, visit their website. If you’d like to pay by check, click on the green button saying “Electronic Check.” This will bring you to their check payment page.