The "Premium" is the amount of money, all inclusive, that is to be paid for the continuation of the insurance coverage. The "Premium" amount consists of numerous components, including actual cost of insurance, administrative and maintenance costs including salaries and insurance company head office expenses, promotional expenses, taxes and research expenses.

The "sales costs", part of the "promotional expenses", are the same for each contract regardless of whether the contract is purchased through an independent broker, an insurance company commissioned or salaried representative, by direct mail or through an insurance for sale site on the Internet. In other words, the "premium" cost of the same contract from the same company to you, the consumer, is the same regardless of the method by which it is sold to you.

The figures under the heading "Premium" represent the amount that is to be paid on the basis of the Premium Payment Mode chosen in the earlier input screen and as noted on the heading.

If "Annual", this means that the premium amount is payable once yearly - If "Semi-Annual", this means that the premium amount is payable every 6 months, twice per year - If "Quarterly", this means that the premium amount is payable every 3 months, 4 times per year - If "Monthly", this means that the premium amount is payable each month, 12 times per year

The Premium amounts shown are based on information from the insurance companies. Health, lifestyle, occupation, avocation, driving record, immediate family history and the like may cause underwriting decision variations. The policy contract governs in all cases.