Most life insurance companies allow you to pay your premiums on a monthly, quarterly, semi-annual or annual basis, so whether you’re a pay-all-at-once kind of person or you enjoy spreading your payments out each month, payment flexibility definitely makes term life insurance even easier to afford.
However, it is cheaper overal to make annual premium payments instead of monthly which comes with an added service charge.
Term life costs a lot less than permanent insurance because it's temporary, lasting for a duraiton of up to 30 years. The shorter your term coverage, the lwoer your annual premium.
You can choose term life insurance for a duration of 10, 15, 20 or 30 years to meet your specific life insurance needs.
Here's how to compare affordable term life insurance quotes online.