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Anonymous
Should I pay for my insurance premiums annually or monthly? It is a bit cheaper if I pay for it on an annual basis right?
Wondering what are the pros and cons to paying for premiums monthly vs annual, and what payment methods do you guys use? GIRO or credit card?
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Jonathan Chia Guangrong
28 Nov 2018
SOC at Local FI
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Jason Sing
28 Nov 2018
School Of Hard Knocks And Life at School Of Hard Knocks And Life
You should pay annually for the insurance premiums as it is definitely cheaper.
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Hariz Arthur Maloy
28 Nov 2018
Independent Financial Advisor at Promiseland Independent
Yes you usually get a 2-3% discount when paying annually. Plus if you're paying with credit card for...
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Annual is cheaper for traditional, non ILP products. Do note some insurers don't accept credit card payments after issuance (like on my side)