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Bookmark or Share- What Is An Insurance Premium? – Forbes AdvisorAn insurance premium is a sum you pay periodically to keep your insurance policy active and in force. Depending on your insurer and the type of policy you have, you can make payments monthly,...
- PREMIUM definition and meaning | Collins English DictionaryA premium is a sum of money that you have to pay for something in addition to the normal cost. Even if customers want 'solutions', most are not willing to pay a premium for them. Callers are charged a premium rate of 48p a minute. Synonyms: surcharge, extra charge, additional fee or charge More Synonyms of premium.
- How to Calculate Insurance Premiums - InvestopediaAn insurance premium is the amount of money that you pay for an insurance policy. You pay insurance premiums for policies that cover your health, car, home, life, and others. Insurance premiums...
- What Is an Insurance Premium? : Farmers InsuranceA premium is the price you pay to buy an insurance policy. Premiums are your regular payments for many common insurance policies, including life, auto, business, homeowners and renters. If you fail to pay your premiums, you risk having your policy canceled.
- Premium Definition & Meaning - Merriam-Webster: a sum in advance of or in addition to the nominal value of something. bonds callable at a premium of six percent. d. : something given free or at a reduced price with the purchase of a product or service. 2. : the consideration paid for a contract of insurance. 3. : a high value or a value in excess of that normally or usually expected.
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