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
How Your Credit May Affect Your Life Insurance Premiums
This article is perfect for helping you explore the surprising connection between your credit score and life insurance costs.
Insurance Needs Assessment: When You're Newly Married
Marriage changes everything, including your insurance needs.
Did You Know This Fact About Night Safety?
Follow this tip to increase your children's visibility at night.