Automatic Monthly Deduction Checking Account Authorization

I request and authorize Farmers New World Life Insurance Company to make monthly withdrawals against the checking account I previously authorized under Life Insurance Policy . This authority is to remain in effect until the Company has received appropriate notice of its termination, in such time and manner as to afford the Company a reasonable opportunity to act upon it. I understand and agree that in the event such withdrawal is returned by my financial institution, the Company shall be under no liability for any returned check and that the returned check results in the lapse of coverage.