You may be given the option of different premium payments available for your life insurance. Some plans offer you the option to pay premiums monthly, quarterly, semi-annually, or on an annual basis.
Usually, the cheapest premium payment option is annually, since you pay your premiums all at once.
The highest cost for life insurance is usually the monthly premium payment option, since you are basically paying your premiums in installments, like you pay credit card payments and are charged a finance fee.
So, one way to save money on your life insurance plan is to pay the premiums on the annual payment option.
Here's how you can compare life insurance quotes online and find out how much you might save by choosing the annual premium payments compared to monthly payments.