Insurance premium is the amount paid to insurance company for policy coverage. Premiums can be paid monthly, semi-annually, or annually. Premiums may be taxable income for certain coverage types
Insurance premium is periodic payment to maintain policy coverage. Premiums can be paid monthly, quarterly, semiannually or annually. Annual lump sum payments may qualify for lower rates. Grace period exists for missed premium payments
Compensation refers to any payment given by employer in exchange for employee labor. Compensation includes salary, wages, benefits, bonuses, and stock options. Compensation strategy is responsibility of HR or business owner
Insurance premium is the amount paid for policy protection. Premiums cover various personal and commercial risks. Failure to pay premium may result in policy cancellation
Remuneration includes base salary, bonuses, commissions, and other monetary benefits. Tips are considered compensation, while perks like gym memberships aren't. Company car use may qualify as remuneration and be taxable