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its called the deductible. ask an insurance company about it.
deductible
The amount that is paid for any kind of insurance is called "premiums". The same term applies whether an employee or employer pay for the insurance.
The term is "premium".
These are referred to as "premiums".
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The total amount of pay before deductions is the amount before taxes are taking out. This is the gross income.
It is called a premium.
A very common kind of term life insurance is called "level term life insurance". There also exists "decreasing term life insurance". Ordinarily the premium remains the sale but the face value of the insurance decreases over time. This is quite common in the context of mortgages where the amount of coverage is designed to correlate with the amount owing on the mortgage. The object is that upon the death of the insured/borrower, there will be funds available to pay off the mortgage.
Prepayment of the premium before it is due.
Gross pay
Actually there are two different type of life insurance available. The first one is called "Term insurance" where the insurance only covers a specific amount of time. The second one is called "Permanent life insurance", where the insurance remains usually active (with some exit options of course).