👉 An insurance premium definition is basically the monthly fee you pay to your life insurance agent for the promise that if something terrible happens (like a car crash or a house fire), they'll step in and help cover your expenses. It's like signing up for a free safety check-up with your future insurance company, minus the fun part - the part where they tell you you're a total risk.
Here's an edgy sentence using that term: "So, I got my life insurance premium for $1,000 a month because I just figured out I've been smoking 5 packs of cigar dust in one pack."
