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
Prescription Drug Benefits Under Medicare (Part D)
Do you need to enroll in Medicare Part D? Read this article to learn more about whether you need this coverage
Should You Sell Your Life Insurance Policy?
Here’s what you need to know if you’re considering selling your life insurance policy.
Keep Your Business (Insurance) Running
Get insurance that keeps your business in business.