premium
Premiums may be paid monthly, annually, or on another schedule. This topic is part of Personal Finance within Government & Society. This page currently draws on 8 supporting questions, with answers and bonus facts available below.
premium trivia questions
An insurance premium is what?
Answer: Price paid for insurance coverage
Bonus fact: Premiums may be paid monthly, annually, or on another schedule.
What factor can affect an insurance premium?
Answer: Risk level
Bonus fact: Insurers price policies based on expected claims and other factors.
How is a premium different from a deductible?
Answer: Premium buys coverage; deductible is an out-of-pocket amount when a claim occurs
Bonus fact: Both are important cost features of a policy.
Generally, choosing a higher deductible tends to make premiums what?
Answer: Lower
Bonus fact: Higher out-of-pocket risk often lowers the premium.
Which premium cable network originally aired Party Down?
Answer: Starz
Bonus fact: The Television Academy describes Party Down as a comedy about cater-waiters.
On which premium cable network did Band of Brothers originally air?
Answer: HBO
Bonus fact: The miniseries won the 2002 Emmy for Outstanding Miniseries.
Insurance transfers financial risk in exchange for what?
Answer: Premium
Bonus fact: Policyholders pay premiums for specified coverage.
Insurance works partly by pooling what across many policyholders?
Answer: Risk
Bonus fact: Many people pay premiums so losses can be covered for those who experience insured events.