What is Premium (Insurance)? | LIFE-HEALTH Exam Prep

An insurance premium is the amount paid by the policyholder to the insurance company for coverage, typically paid monthly, quarterly, or annually. 📚 Learn more about Premium (Insurance) and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Premium (Insurance) definition: https://www.open-exam-prep.com/glossary/premium 💡 Exam Tip: Premium factors: age, health, coverage amount, deductible. Higher deductible = lower premium. --- #insurance #examprep #financeexam #life-health