Billing Question on Membership Premium

Is it true that there is no recurring billing plan created for the membership? I want the membership to run (similar to the Directory Membership) for 12 months, with a monthly payment for each of those 12 months - and it's starting to look like the members will get bugged once a month to go in and make a payment instead of having an auto-renew, recurring payment plan.

Please advise.

Thanks,
Janet