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What are the determining factors in choosing one payment plan over another?

What are the determining factors in choosing one payment plan over another?

For me, its simply the capacity to pay the premium.

Most insurance companies that I dealt with encourages
payment of payment of premiums annually or semi-
annually by setting lower premium amounts as compared
to monthly or quarterly premium payments.

well first is the ability to make the payments. some companies will give you a discount if you go on EFT(taken right our of your account monthly), and some offer a discount if you pay in full. most companies charge an installment fee each time you make a payment, so the less payments you have to make, the more money you will save in fees.

Cost. That's it, pure and simple.

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