What Does Fractional Premium Mean?

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What does Fractional Premium mean? Read on to discover the definition & meaning of the term Fractional Premium - to help you better understand the language used in insurance policies.

Fractional Premium

Fractional Premium

A premium paid over time for example, monthly, quarterly, or semiannually during the policy period.

We hope the you have a better understanding of the meaning of Fractional Premium.

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