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
9 Facts About Social Security
There are things about Social Security that might surprise you.
5 Costly Mistakes In Your Life Insurance Policy
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.