Most life insurance companies offer you the right to choose among four payment plan options. Generally, you may pay your premiums once a year (annually), twice a year (semi-annually), four times a year (quarterly), or twelve times a year (monthly).
AccuQuote's APR calculator is used to determine the total dollar amount you will pay based on the payment plan option you choose, and will provide you with an approximate Annual Percentage Rate (APR) for any additional charge you may incur should you choose to pay your annual premium in installments.
Simply plug in the numbers below and you will have the information you need to intelligently determine whether the additional cost of paying fractionally (semi-annually, quarterly, or monthly) makes sense financially.
Use our annual percentage rate calculator below. *Required fields