Define Insurance Premiums. Insurance Premiums synonyms, Insurance Premiums pronunciation, Insurance Premiums translation, English dictionary definition of Insurance Premiums. Noun 1. insurance premium - payment for insurance premium payment - a sum of mo
The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.
The premium is the basis of your insurance payment. An insurance premium may be considered taxable income to you in certain cases (for example, coverage for group-term life insurance that exceeds $50,000 and is carried directly or indirectly by an employer).1 Service fees may also be added ...
Insurance_Premiums Example:Giveanexpressionforthepremiumrequiredtopurchasethepolicyofawholelifeinsurancewithdeathbenefitof$50,000attheendoftheyearofdeathtakenoutbyalifeage28ifthepremiumistobepaidannuallyinadvanceduringthelifetimeofthelifeassured.&&P×a28=50,000A28 1 InsurancePremiums 2 EquivalencePrinciple The...
Define Initial Premiums. The initial premium (covering three months) for Group I and Group II payable by the Company on behalf of the Trust to the Certificate Insurer in consideration of the delivery to the Trustee of each of the Certificate Insurance Po
What is a premium? In the car insurance industry, premium is a word insurance companies use instead of payment. There are a few differences, but the basic car insurance premium definition is that it is the cost you pay for insurance coverage. ...
If you cancel your insurance between premium payments, you're entitled to money back. For example, if you pay for six months of auto coverage, then cancel three months later, your insurer will refund some or all of your premium. The same applies if it's your insurer who cancels the poli...
This paper discusses the business medical insurance from four perspectives;its definition,the necessity to develop,the currant problems and the causes,and its perspective,and illustrates the opportunities and challenges the business medical insurance will face in the future. 商业医疗保险是多层次医疗保障...
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Life insurance premiums play a crucial role in sustaining the financial security that life insurance offers. By paying premiums on time and in accordance with the policy terms, policyholders ensure that their coverage remains active and that their beneficiaries will receive the intended benefits in th...