 How do i make sure my life insurance pays out? |
| I likely am fatally ill and have some decisions to make. i had a big life insurance policy through work, but i think i'll need to come up with $700/month to maintain it. it sounds like a lot ... |
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 Which insurance company in India gives the following in one Umbrella? |
health insurance+accident insurance+life insurance+property insurance+house insurance+vehicle insurance+other miscellaneous insurance (if any).
Please give me the company's website address ... |
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 Can a provisional driver be added to insurance? |
| i am learning to drive and bought a car. i priced insurance and its very expensive, i was wondering if i was allowed to be added to my parents insurance as a named driver bearing in mind that im a ... |
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 I am looking for a good life insurance company? |
| I am in my late 40's and I would consider myself low income ... |
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 Need the cheapest term insurance for someone 55 years old? |
| I would like to buy a $100,000 term life insurance policy. I am 55 years old. Anyone know about how much this would cost me and the best company to buy from?... |
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 Life insurance scams? |
| hello - i am writing a screenplay and a small portion of the movie is about a guy getting killed because of his life insurance. i need to set the period in a time where life ins. was sort of a new ... |
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 Health insurance and coverage? |
| I've just been offer health insurance through the temp agency that i work for. It about $20 a week but will only cover up to $7,500 annually in medical expenses. Is that a good deal or should I ... |
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 Do i save money if i get an insurance just for myself or join my dads insurance? |
| im a new driver..i dont have a car yet but im definitely buying a used car maybe honda civic. Im 18 and a female. my dad has been with his insurance for 4 years now..wud i save money if i join his ... |
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 Auto Loan Insurance? |
| Can someone please tell me there is any financial institution that offers some sort of auto loan insurance...something like mortgage insurance..that if the loan originator passes away, the loan will ... |
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 How do I get an Isurance Licence? |
| how do I get an Insurance licence?... |
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 Do health insurance carriers consider prematurity a pre-existing condition non-elegible for coverage? |
| if i have to change jobs and thus change insurance carriers, does anyone know if a dependent child's health issues due to prematurity would be considered a pre-existing condition and not be ... |
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 I'm trying to get myself health insurance but girlfriend is pregnant. Do I just not tell them? |
| Ok, I am trying to setup my health insurance at work. I just found out the other day that my girlfriend is 8weeks pregnant. She has already gotten on medicaid so im not worried about having to ... |
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 Homeowners Insurance-Some insurance agencies such as CHUBB, it appears that they offer personal con't? |
| liability coverage. If my automoble insurance policy had laspted and I was involved in an injury accident, would my homeowners insurance policy cover the medical injury payments?... |
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 How much does Homeowners Insurance usually pay? |
I had a bunch of musical equipment stolen.
The *retail* value of all that stuff is somewhere around $3,600.
The price you'd realistically pay in a store for new equipment ... |
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music_lover1986 | What exactly is a premium? |
Health insurance lingo, that is.
I understand what a deductible is, but not quite sure what a premium is...Any other helpful insurance mumbojumbo definitions are greatly appreciated! :)
Additional Details
So...you have to pay the deductible and the premium separately? Or does the premium payments count toward the deductible?
This is sooo confusing! :( |
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AlisonFox(y)
|
A premium is the price of your insurance policy. You pay this like you pay your car payment, but can pay it annually, semi-annually, quarterly, or monthly (usually). The deductible is what you are required to pay if anything happens to your car. For example, if your deductible is $500 for Comprehensive and Collision (two separate coverages) and you get in an accident and it is your fault and there is damage to your vehicle... if you want to get your vehicle fixed, you are responsible for paying the first $500 of the damages. Your insurance company would pay for the rest. If there is less than $500 of damage, you would have to pay for it all by yourself.
Other Insurance mumbojumbo -
Liability = The amount of insurance you have that provides for someone else. Example, you hit someone, it is your fault, the limits of liability on your policy would pay the other person for their injuries and any property damage. If your limits are too low and it doesn't cover the whole cost, then you have to pay the rest out of pocket. Each state has a minimum of what you can carry, but it's wise to have a policy with $100,000 per person & $300,000 per accident or more. |
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tonytbag
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Your premium is what you pay each month for the service. As you know, the deductible is the 15 or 20 you pay for a visit. But you pay a montly or yearly amount just for the service |
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mbrcatz
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Premium is the charge, to you, for insurance. |
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AM-NM centaur
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A premium is the technical term for the cost of an insurance policy. It is the periodic price tag. |
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Steve S
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premium is the calculated expense for your situation for insurance. This based on many different factors. Like your age, your history and finally what your deductible is ( that is the amount you will pay before insurance kicks in) You can take a 0 deductible but the cost of insurance goes up because you are putting more of the risk on the insurance company. Insurance is risk sharing and is based on actuarial science. Law of numbers. This is how the number are calculated. |
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justin k
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what you pay for insurance |
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