2007-02-27 13:55:26 · 6 answers · asked by laurenw 2 in Business & Finance ➔ Insurance
yes
2007-02-28 12:11:29 · answer #1 · answered by Custo 4 · 0⤊ 0⤋
Yes - or in all cases except health insurance (which is the only policy you really buy by the month), it's the annual cost you have to pay. Then the monthly payment usually includes "service fees" in addition to the premium, for making only a partial payment.
2007-02-28 09:31:27 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
The simple definition is this:
An insurance premium is the amount of money a particular insurance policy costs. The policy can be for a specific length of time or for a particular event, such as insurance that is bought for golf tournaments that give away gifts for a hole-in-one on par 3's.
2007-02-27 22:05:04 · answer #3 · answered by Floyd M 2 · 1⤊ 0⤋
It's the amount you pay. It might not necessarily be each month. For example, my car insurance premium is only paid once every 6 months.
2007-02-27 21:59:20 · answer #4 · answered by Dave W 6 · 1⤊ 0⤋
Yes
2007-02-27 21:58:31 · answer #5 · answered by jxt299 7 · 0⤊ 0⤋
Yes ma'am, it is.
2007-02-28 12:20:35 · answer #6 · answered by nurse ratchet 6 · 0⤊ 0⤋