what is premium....and what is life insurance..
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PREMIUM :an amount to be paid for a contract of insurance.
LIFE INSURANCE :An arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
PREMIUM :an amount to be paid for a contract of insurance.
LIFE INSURANCE :An arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
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