premium payments
Policy coverage costs
Premium payments are the regular amounts paid to maintain an insurance policy, membership, or subscription service.
Missing premium payments can result in loss of coverage: Her health insurance lapsed after three months of missed premium payments.
The term appears most often in insurance contexts, where payments are typically due monthly, quarterly, or annually.
- policyholderOwner of insurance contract
- insurance carrierCompany providing coverage
- policy numberUnique insurance account identifier
- deductibleOut-of-pocket threshold amount
- out of pocketPaid from personal funds
grace period · coverage · coverage amount · installment payment · underwriting · billing cycle · premiums · renewal · autopay · late fee · death benefit · riders · cash value · annuity · term insurance · payment schedule · payment due date · beneficiary
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- healthcare coveragehealth card, hospital coverage, prescription coverage, dental coverage, universal coverage
- farm insurancecrop insurance, farm insurance, hail insurance, crop loss, farm buildings
- annuitiesannuity, annuitant, annuitization, guaranteed income, lifetime income
- workers' compworkers' comp, injured worker, injury claim, workplace accident, disability benefits
- risk contractsinsurance policies, life insurance, fire insurance, car insurance, home insurance