How often can life insurance premiums typically be paid?

Life insurance premiums can typically be paid on a variety of schedules, allowing policyholders flexibility based on their financial situation and preferences. The most common payment frequencies include annually, semi-annually, quarterly, and monthly.

Paying annually often results in a lower overall premium cost since insurance companies may offer discounts for upfront payments. Semi-annual payments provide a middle ground between managing cash flow and reducing administrative fees. Quarterly payments can make it easier for individuals who may prefer to budget their payments more frequently, while monthly payments can spread the cost over time, making it more manageable for those on a tighter budget.

These options cater to a wide range of customers, ensuring that individuals can select a payment plan that aligns with their financial habits and needs. This flexibility is a significant feature of life insurance policies, making option B the correct choice.