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insurance premium

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.insurance premium - payment for insurance
payment - a sum of money paid or a claim discharged
Translations

insurance premium nprima de seguros
insurance premium nprime f d'assurance
insurance premium insurance nVersicherungsprämie f
insurance premium npremio assicurativo

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The type of entity may greatly affect where this insurance premium expense may be deducted on the individual's personal income tax return.
The insured also assigns any unearned insurance premium refund to the premium finance company as security, said spokesman Ron Sommer of Mellon Corporate Affairs.
Also, the $121,000 remaining after paying the $75,000 life insurance premium (including its subsequent appreciation), will eventually pass to the children estate tax free.
 
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