Business & Finance

Does insurance premium mean monthly?


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2010-02-22 01:23:26
2010-02-22 01:23:26

No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.


Related Questions

This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.

The monthly premium for freeway insurance varies greatly for this to be answered. As in other auto insurance quotes would vary on the amount if any accidents or tickets you have had. Your age would also be a factor.

The premium is the cost that you must pay to have the insurance.

What does ceded premium mean

that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).

There are numerous policies you can buy for home building insurance. So depending on the structure itself you may need a more basic policy which will give you a less premium and monthly cost or a more detailed which will then mean a higher premium and monthly cost.

Your premium is pretty much your monthly bill, after deciding what type of deductible you plan on choosing. The higher deductible the lower your premium will be.

When you don't pay your monthly premium or you don't renew.

should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over

When application is made for an insurance policy, the applicant is normally given a choice of the frequency of premium payments. Generally, the choices are monthly, quarterly, semi-annually or annually. The choices of frequency often vary with the kind of insurance involved.

That is what you are paying monthly is your insurance premiums. You have a choice of payment plans that are best for you. You can pay it once a year or one a month.

the amount which the requried to contunue the insurence on monthly basic is monthly premium(s.s.s)

A PFC in the US Army paid $6.50 as a monthly premium for $10,000 worth of life insurance in World War 2.

Premium is an amount to be paid for an insurance policy or something given as an award.

Premiums vary depending on the breed and age of the horse, its value, its use, etc. The average monthly premium is around $300 dollars. It can vary from 100-500 dollars depending on age and breed.

The benefit of term life insurance is that once the life insurance is completely paid off, then the monthly premium are paid off by the dividends. People can also borrow from their life insurance.

An insurance premium is the amount of money paid on a periodic basis for insurance of a given kind. The kind of insurance involved does not alter the definition of the term "premium". Therefore, a life insurance premium is an incremental amount paid for life insurance, and a non-life insurance premium is an incremental amount paid for another kind of insurance.

No, the insurance company will not cancel your insurance for having three accidents, but they will increase your insurance premium.

The monthly premium from Delta Dental for one individual is $32.78. The premium for one individual and one dependent is $62.44. The premium for one individual and two or more dependents is $110.11.

The insuring company provides us the insurance policy based on the premium amount we pay them on a regular basis. This can be monthly or quarterly or half yearly or even annual. A policy lapse means that the life insurance contract between the insurer and the insured (YOU) is terminated.

Single premium life insurance is life insurance coverage in which one premium payment is made and the life insurance policy is fully paid up with no additional life insurance premium payments required.

Insurance companies have the legal right to terminate insurance coverage when the monthly premium is not paid as agreed.

An insurance premium is the amount that the buyer pays the company monthly or annually which keeps the policy in effect. If a person paid a 780 dollar annual premium which was canceled after 5 months, they would be owed a 455 dollar refund.

Premium financing is basically a loan to pay for insurance or insurances. The main benefit of using premium financing is the ability to organize numerous policies under one monthly payment. It is also used to spread out payments for insurance policies that have a large upfront sum that is needed.

A premium is the amount of money you pay the auto/health insurance company monthly, quarterly, or biannually whether or not you get in an accident or go to the hospital. The higher your premium the lower your deductible, and the lower your premium the higher your deductible. A deductible is the amount of money after you get in a car accident or visit the hospital before your insurance company pays anything. After you have met your deductible the insurance company covers the rest of the expenses.

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