Can You Pay for Life Insurance Using a Credit Card?

If you are considering the purchase of a life insurance policy one of the choices you’ll make is how to pay for your insurance.

Actually, there are several options you may be able to choose from depending on the insurance company. Most insurers offer you several payment options to use when paying your premiums. 

Yes, you can purchase life insurance using a credit card with some insurance companies.

Can You Pay Life Insurance with a Credit Card?

Premium Payment Options

Upon applying for a policy and being approved for life insurance you will be asked how you wish to pay your premiums. Below are listed several common payment options:

ETF – Electronic Direct Transfer from your checking account to the insurance company.

Debit Card – Direct debit from your savings account.

Check – You may send a check to your insurer to pay your premium.

Credit Card – You may select one of the approved credit card companies.

Credit Card Companies Accepted by Life Insurers The credit card companies that insurers accept may vary by insurer. However, many insurers that accept credit card payments use Discover, American Express, Visa and MasterCard.

Learn more about paying for life insurance with a credit card.