What Does Policy Fee Mean?

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

Policy Fee

Policy Fee

A fee added to the premium to help defray the costs of acquisition and/or maintenance. The fee may be one-time or annual; some policies have no policy fee.

We hope the you have a better understanding of the meaning of Policy Fee.

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