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MP Manulife ADA Retry Form

This document authorizes Manulife to automatically debit premium payments from the specified bank account. It allows Manulife to retry debiting if there are insufficient funds on the due date. The account holder understands this authorization will remain in effect until a written cancellation notice is received by Manulife and the bank at least 30 days prior. It also lists available debit dates for the account holder to select from.

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Rawn Crown
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321 views1 page

MP Manulife ADA Retry Form

This document authorizes Manulife to automatically debit premium payments from the specified bank account. It allows Manulife to retry debiting if there are insufficient funds on the due date. The account holder understands this authorization will remain in effect until a written cancellation notice is received by Manulife and the bank at least 30 days prior. It also lists available debit dates for the account holder to select from.

Uploaded by

Rawn Crown
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Authorization to Debit Account

Gentlemen:

This is to authorize The Manufacturers Life Insurance Co. (Phils.) Inc., (“Manulife”) to debit from my bank,
____________________________________ Current /SavingAccount No. __________________________________________
under the name of _________________________________________________ in the amount of
Php ____________________________________________________________________________ as payment for the
premium/installment amount due of Policy No. ________________ on the policy due date and every due date thereof
without prior notice.

In the event there is insufficient balance on debit date, I authorize Manulife at its sole discretion and without prior notice to
initiate debit charges again to my bank account until successful. If no payment was debited from the above account due to
insufficient balance, termination/cancellation of account or any other reason, Manulife will not consider that premium for my
policy to have been paid and I will have to pay the premium directly to Manulife to keep the policy inforce.

I understand that this authorization shall also cover any change in premium/installment amount due to policy mode change
or increase in policy premium/installment due.

I understand that this payment facility may only be extended to parents, spouse, children, brothers and sisters of the
accountholder.

I further understand and agree that I may withdraw this authorization effective 30 days after receipt by Manulife and the
Bank of a written notice of withdrawal.

Very truly yours,

________________________________________
Depositor’s Signature over Printed Name

DEBIT DATE

Depending on fund availability, please elect a debit date from the schedule below. In the event that our initial attempt to debit
your account fails, another attempt will be done on the next debit date.
[ ] every 1st day of the month
[ ] every 11th day of the month
[ ] every 16th day of the month
[ ] every 26th day of the month

Important Reminders:
• Should be submitted together with duly filled out Auto Debit Arrangement Form
• Complete all fields and submit to Billing and Collection Department.
• Please allow 2 – 3 weeks for the processing of your application. When approved, your account will be debited on your elected
debit date.
• If the debit date falls on a weekend or a holiday, your account will be debited on the last working day prior to your debit date schedule.
• Please ensure that there are sufficient funds in the designated account on the payment due date for Auto Debit Arrangement.
• This payment instruction/authorization will remain in force until revoked in writing by the undersigned.

2013-06 ADA Retry Form

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