Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
A life insurance premium is the cost of the policy you are purchasing. The "premium" is typically billed monthly or annually although semi-annual and quarterly are sometimes available.
If it is a permanent policy, at some point, you may have cash value that accumulates that will give you some limited flexibility in paying the premium.
A life insurance premium is what is paid to the life insurance company in exchange for their willingness to pay out the face amount of the policy if the insured person should pass away. Some policies will return the premium if death does not occur by the end of the term.
.JPG){kind=avatar}
If it is a permanent policy, at some point, you may have cash value that accumulates that will give you some limited flexibility in paying the premium.