Question

the monthly amount paid to the insurance company to have a policy

Answer 1

The monthly amount paid to an insurance company for a policy is known as the **premium**. This amount can vary based on several factors, including the type of insurance (e.g., health, auto, home, life), the level of coverage, deductibles, personal risk factors, and the insurance company's policies. Premiums can be paid monthly, quarterly, semi-annually, or annually, depending on the agreement with the insurer.