Which payment options can premiums be paid as when purchasing a life insurance policy?

The choice indicating that premiums can be paid as a lump sum, annually, or monthly is correct because these are standard options typically offered by life insurance companies for premium payments.

A lump sum payment involves paying the entire premium amount upfront, which can be beneficial for those who prefer a one-time payment and wish to avoid periodic billing. An annual payment option allows policyholders to pay their premium once a year, often at a lower cost compared to monthly payments due to reduced administrative fees. Monthly payments provide flexibility and ease for budgeting, as they distribute the premium costs over time.

Other options presented either leave out common payment intervals or suggest methods not typically accepted by life insurance companies. For example, while some insurers may allow payments via credit card, it is not universally standard practice, nor is it a primary payment method. Similarly, including terms like "bi-monthly" or "semi-annually" without mentioning the more common options results in incomplete or less commonly accepted payment methods. Hence, the option of paying premiums as a lump sum, annually, or monthly encompasses the main ways most insurers facilitate premium payments to policyholders.