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PaymentMethodInput

Payment method to use for payment of the policy premium and any one-time opt-in payments. **Only direct debit and wire transfer is supported right now.**

This describes how the **payer** settles the premium — the party holding the PAYER role, which is not necessarily the policyholder. On Value Invest VWL it never is: the payer there is always the employer, and the premium is a capital-forming benefit transferred by the employer, never collected from the employee.

input PaymentMethodInput {
  directDebit: DirectDebitInput
  wireTransfer: Boolean
}

Fields​

PaymentMethodInput.directDebit ● DirectDebitInput input​

The Direct Debit/SEPA information to use for debiting payments. The SEPA mandate will be requested for this account in the policy contract from the payer.

PaymentMethodInput.wireTransfer ● Boolean scalar​

The premium is transferred by the payer rather than debited, typically as a standing order set up with their own bank. No bank details are collected. Selecting this arm also answers who arranges that standing order:

  • true — the payer sets it up themselves. Nobody is notified; arranging the transfer is on you and the payer.
  • false — the payer is notified by Liechtenstein Life to set the standing order up. **Only Value Invest VWL accepts false**; every other product rejects it with FINANCIAL_STATE_WIRE_TRANSFER_FALSE_NOT_SUPPORTED.

For Value Invest VWL this arm is the usual choice: the employer transfers the capital-forming contribution, so nothing is collected from the employee's account. Choose false when you want the employer contacted directly, and true when you take on forwarding them the standing-order page from the application document yourself.

Member Of​

LiechtensteinLifeInvestFinancialStatusInput input ● LiechtensteinLifePensionFinancialStatusInput input ● LiechtensteinLifeWealthFinancialStatusInput input ● ProsperityPlusGermanyFinancialStatusInput input ● ValueInvestVWLFinancialStatusInput input ● YourLifeNettoPlusFinancialStatusInput input