A Table of Fractional Premium APRs in the Life Insurance Industry

Michael Burton, CFP®, LHICComparison Tables, Explosive Facts, For Professionals, Fractional Premium APR

Fractional Premium APRs image

All life insurance companies allow their policy holders to choose the frequency of their premium payments.  The most common payment modes include annual, monthly, quarterly, and semi-annual.  When a policy holder elects to pay a fractional premium (anything other than the full annual premium for the coming year of protection), almost all life insurance companies add to the costs of the policy. In … Read More