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New York Life - can I pay my monthly life insurance payments by credit card?

Public Comments

1. Life insurance premiums cannot be paid via credit card. This is for two reasons: 1. The credit card company charges a percentage of the payment amount, as a fee, which the life insurance company would have to take, and 2. you can go back later, and 'take back' the payment.
2. You can pay your premiums Annually, Semi-annually, Quarterly, or Monthly by Automatic Bank Withdrawal. Call your agent to see if the company will take your credit card. I used to represent a company that would accept payment by credit card.
3. definitely yes, you can pay your insurance premium through credit card
4. cuguy711, Life insurance is actually very flexible. Since I'm from Kentucky I'm not familiar with the New York laws and regulations, so I recommend you contact a local life insurance agent. http://www.americaschoicetoday.com/Life-Insurance.html They should be able to assist you.