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
When is the Right Time to Buy Life Insurance?
It's never too early to start thinking about life insurance. Waiting until you're older or in poor health is never a good idea.
Just Married? A Guide to Combining Your Insurance
If you just recently married, then it may be time to take another look at your insurance policies to see where you can save money.
Accidents
Accidents happen to everyone. We're here to help.