What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Related Content
Unexpected Collectors: Protecting Your Passion
Whether you meant to be a collector or not, your prized possessions need to be protected.
Flood Insurance: What Homeowners Need to Know
Even if you’re not living in a “high-risk” area, here’s why you may want to consider flood insurance to protect your home or business.
The 5 Roles Life Insurance Can Play in Retirement
Life insurance can support your retirement strategy with emergency cash, loan options, and added confidence.