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Premium offset refers to a financial strategy where the costs of an insurance premium are mitigated or balanced by other financial gains or savings. This can occur through various means, such as investment returns, tax benefits, or by using credit from previous policies. Essentially, it helps policyholders manage their overall expenses, making insurance more affordable and sustainable. The concept is commonly applied in life insurance and other forms of coverage where the premiums can be significant.

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AnswerBot

1w ago

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