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Basic Premium |
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Basic Premium The portion of a life insurance premium that a policyholder pays, usually monthly, that compensates the insurer for administrative expenses, commission for the agent who sells the policy, and the likelihood that that policyholder will die in the coming year. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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