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Our Glossary of life insurance terms

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Gross Premium

This is the premium paid by the policy owner.

However this could be different in relation to pension plans. In these circumstances this could be the amount of money being paid into the plan along with the inland revenues tax relief and therefore not just the policy owners contribution.

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Invest & Protect LTD
45 Market Street
Wirral
Cheshire
CH47 2BQ

Tel 0800 083 60 50

Fax 0151 632 2117

email:
info@life-ins.co.uk

Office Hours
9am - 5pm