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What does insurance premium mean?

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The premium is the cost that you must pay to have the insurance.
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Is insurance premium part of deductible?

The insurance premium is the amount you pay the insurance company every month. The insurance deductible is the set amount which you pay out of pocket for repairs after you mak

When it comes to life insurance premium refers to what?

-Total cost of insurance coverage.      You are to consider all the insurance policies you are having on  your life,total the premiums for payment on the pre fix

How do you get insurance premium?

Answer   I need your question too be a little more in depth. Are you asking how insurance companies come up with the rate they charge.

What do insurance companies do with the premiums people pay?

Part of it is used to pay the wages of the people who work for the insurance company, part of it goes as earnings to the people who own the company, and some goes out to cover

What is premium loading in insurance?

Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.

What is Return of Premium in an insurance policy?

    Answer       Return of Premium (ROP) is a relatively new feature available in Term Life Insurance. The major drawback to Term Insurance is that if y

What is indeterminate premium life insurance?

 Answer     Indeterminate premium life insurance is a type of   whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you

What is a mortgage insurance premium?

The amount you pay (generally monthly in your house payment) for  the morgage insurance policy. Most lenders require you to carry  mortgage ins or PMI if you finance more th

What can reduce automobile insurance premiums?

Non-Insurance Product (CDRP) reduces insurance premiums   10% to 40%!   There is a new money saving financial concept never before offered to the public called CDR

Can you write off life insurance premiums?

Life Insurance is not tax deferred as someone mentioned erroneously here... Life insurance is a tax free benefit, so in general you cannot write it off on taxes.. And loans ar

Is the premium on a life insurance paid monthly?

Life insurance premiums can be paid in any manner you like just about. Insurance companies generally have payment plans to accommodate any ones desires. Monthly, quarterly, se

What is the average return of premium life insurance?

Return-of-premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they ar