Life Insurance Payment Plans

What types of payment plans are offered for life insurance policies?

For simplified term life insurance, you can usually choose to have your premium payments automatically deducted from your bank account or choose from monthly or annual credit card payments.

For regular term life insurance policies payment options vary by life insurance company.

A variety of premium payment options may be available to pay for your life insurance policy, including having your payments automatically deducted monthly from your bank account, initial annual credit card payment followed with direct bill, and direct bill annually, semi-annually, quarterly or monthly.