These days it is typically paid by cash, check or charge.
The homeowner pays all insurance premiums. Perhaps you pay it at closing if that is worked out between you, the closing attorney, and the insurance agent.
Prepayment of the premium before it is due.
No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.
Could be paid for full term of your entire mortgage or paid off in full.
basic premium
Return of premium life insurance is a type of term life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term.
No, if Insurance premium is paid in advance then it is a Prepayment - current asset.
Premium
Yes, unearned premium if any will be refunded to you.
Prepayment of the premium before it is due.
No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.
paid up. Or in some cases could be a conversion.
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.
Premium is an amount to be paid for an insurance policy or something given as an award.
debit insurance premiumcredit cash / bank
Life insurance pays a death benefit when the insured party dies and the money can be given to his or her friends, family or next of kin. Non Life Insurance covers objects for theft or damages including home, property and cars.
A PFC in the US Army paid $6.50 as a monthly premium for $10,000 worth of life insurance in World War 2.
A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.