Recurring Payment Authorization Disclosure for Life, Inc. Retirement Services

Recurring Payment Consent

By opting for recurring payments for retirement plan administration services with Life, Inc. Retirement Services, you (the consumer) agree to authorize automatic deductions from your designated account at specified intervals. This consent covers the terms and conditions under which these payments will be processed.

1. Payment Authorization and Terms

• You authorize Life, Inc. Retirement Services to initiate recurring electronic funds transfers (EFTs) from your account for payment of retirement plan administration services.
• Frequency: Payments will be made based on the frequency outlined in your service contract with Life, Inc. Retirement Services. This could be monthly, quarterly, Annual, or as otherwise agreed upon in your specific service agreement.
• Amount: The amount of each scheduled payment will correspond to the agreed-upon fee for retirement plan administration services as specified in your contract. This may be a fixed amount or calculated based on a predetermined formula detailed in your agreement.
• Method of Payment: These payments will be made via EFT.

2. Duration and Modification of Agreement

• This authorization for recurring payments will remain in effect until it is canceled either you (the client) or Life, Inc. Retirement Services at any time.
• Any changes to payment terms will be notified to you at least 10 days in advance.

3. Cancellation Rights

• You have the right to revoke this authorization at any time by contacting us at info@lifeincrs.com. Please do so at least 30 days prior to the next scheduled payment to ensure the cancellation is processed in time.
• Revoking this authorization will not affect any obligations you may have under our service agreement.

4. Error Resolution

• In case of errors or questions about your electronic transfers, contact us at info@lifeincrs.com immediately. We are required to investigate and resolve errors within specified timeframes under Regulation E.
• If you believe an unauthorized transaction has occurred in your account, report it immediately to ensure your protection under Regulation E.

5. Receipt of Authorization and Records

• A copy of this authorization, containing the terms of the recurring EFTs, will be provided to you. Keep this for your records.
• Your consent is required for electronic delivery of this authorization. By proceeding, you agree to receive this information electronically.

6. Privacy and Data Security

• Your financial data’s security and privacy are paramount. Our data handling complies with applicable data protection laws. For more information, refer to our Privacy Policy.

Acknowledgment and Consent

• By proceeding with the setup of recurring payments, you acknowledge that you have read, understood, and agreed to these terms. Your consent to these terms is required to enable recurring EFTs for your services with Life, Inc. Retirement Services.