Policy Premiums

October 5, 2023 4 min read Definitions

Understanding Standard Risk in Life Insurance

Insurance Risk Management Life Insurance Standard Risk Risk Assessment Policy Premiums Underwriting

Learn about the concept of standard risk in life insurance, which refers to an average risk level based on typical rates. Understand its impact on premiums and policy considerations.

October 4, 2023 4 min read Definitions

Initial Premium in General Insurance Terms: Definition & Explanation

Finance Insurance Studies Risk Management Insurance Terms Initial Premium General Insurance Policy Premiums Insurance Payments

Understand the concept of Initial Premium in general insurance terms - the premium paid at the beginning of the policy, which may be adjusted at the end of the contract term.

October 4, 2023 5 min read Definitions

Understanding Financed Insurance in Legal Terminology

Finance Legal Studies Insurance Insurance Financed Insurance Legal Terminology Financial Planning Policy Premiums

Learn about financed insurance, including how policy premiums are paid by borrowing against the cash value of the policy. Discover the legal implications and benefits.