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Tag : Insurance Premium

Posted on 03 December, 2018
84 out of 100 based on 562 user ratings -Sharper insight. smarter investing. Premiums are paid for many types of insurance, including health insurance, homeowners and rental insurance. A common example of an insurance premium comes from auto insurance .

Understanding how insurance premiums work. In the most simple terms, the insurance premium is defined as the amount of money the insurance company is going to charge you for the insurance policy you are purchasing. The insurance premium is the cost of your insurance.

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Insurance premium. An insurance premium is the amount of money that an individual or business must pay for an insurance policy. The insurance premium is income for the insurance company, once it is earned, and also glossary. If you need much health care, a plan with a slightly higher premium but a lower deductible may save you a lot of money. After you enroll in a plan, you must pay your first premium directly to the insurance company — not to the Health Insurance Marketplace.

What is an insurance premium? (with pictures). An insurance premium is the amount of money charged by a company for active coverage. The sum a person pays in premiums, also referred to as the rate, is determined by several factors, including age, health, and the area a person lives in.

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