Can I change the annual payment method when I buy whole life insurance with an increase of 1 1 day?

Usually, the insurance payment period of a long-term life insurance contract can be changed from wholesale payment to installment payment, and from annual payment to quarterly payment. As long as the applicant applies to the insurance company to change the payment period of the insurance contract, the insurance company will make the change after approval and indicate it in the insurance contract.

Annual payment refers to the way of paying a certain insurance premium every year according to 10 and 20 years, while wholesale payment refers to the way of one-time payment. Most insurance agents and brokers recommend annual payment.