What is the payment model for the TMP plan?

The TMP plan, or the Total Mobile Protection plan, has a payment model that operates on a monthly basis added to the customer's Verizon bill. This structure allows customers to manage their financing and coverage costs more flexibly by spreading payments over the year, rather than requiring a lump sum payment upfront or less frequent installments, such as quarterly or yearly.

By including the payment in the monthly bill, customers may find it easier to budget for the expense, as it is consistent with other monthly charges incurred for their service. This monthly approach also aligns well with many consumers' payment habits, as they often prefer regular, predictable payments for services.