Are you paying your life insurance premiums in monthly installments rather than annually? You may be shocked to find just how high the financing rate is.
The purpose of this calculator application is to reveal the true, effective cost, rate of paying insurance premiums other than annually. The cost can be very high and is often misunderstood, even by some insurance agents. Unfortunately, not knowing the true effective cost of paying insurance premiums by installments instead of yearly could also mean lost opportunities to conserve your money.