I paid my term life insurance monthly, by auto debit into my credit card. I think this is an easy way for me. But, some people prefer to pay it half a year or annually. I choose monthly because I don’t like to pay a big sum of money at one time. Auto debit has become my preferences when comes to bill payment. Almost all of my bills are auto debit. This makes my life easier. I no need to remember all those date for the payment. If I forgot, I will get late payment charges. Auto debit will never have this kind of issue.