Question

A payment made to an insurance company, usually on a monthly basis, to cover the cost of an insurance policy is the

a. premium.
b. waiting period.
c. lifetime limit.
d. deductible.

Answer 1

a. premium.

Step-by-step explanation:

A payment made to an insurance company, usually on a monthly basis, to cover the cost of an insurance policy is the premium.

Answer 2

A. the premium is the amount paid - usually monthly or quarterly - to a insurance provider for the policy.