Insurance   A layperson's glossary of insurance terminology.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
PREMIUM
The price of an insurance policy, typically charged annually or semiannually.
ALSO SEE: UNIVERSAL LIFE INSURANCE, AUTO INSURANCE PREMIUM, NONSMOKER RISK CLASS, WHOLE LIFE INSURANCE, VANISHING PREMIUM, DEFERRED ANNUITY, DIRECT PREMIUMS, TERM INSURANCE, LEVEL PREMIUM, UNDERWRITING, DECLARATION, REINSURANCE, COMMISSION, DEDUCTIBLE, INSURANCE, DIVIDENDS, CAPACITY, WAIVER, COBRA, RIDER, LAPSE

    Courtesy of the Insurance Glossary
    Copyright © 2006 by 20/20 Technologies