Question

Generally, the ________ is the amount of premiums paid into the policy less any dividends or withdrawals previously taken.

Answer 1

Premiums are the amount of money that policyholders pay into an insurance policy, representing the cost of the coverage. Any dividends or withdrawals previously taken are subtracted from the total premiums paid.

Step-by-step explanation:

In the context of insurance, the term you are looking for is 'premiums'.

Premiums are the amount of money that policyholders pay into an insurance policy. It represents the cost of the insurance coverage and is typically paid on a regular basis, such as monthly or annually.

When calculating the value of premiums, any dividends or withdrawals previously taken by the policyholder are subtracted from the total amount paid into the policy.