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
What Is a Business Owners' Policy, or a "BOP?"
As a business owner, a BOP may be a convenient way to meet your unique protection needs.
Life Insurance Myths: Debunked
Whether you have life insurance through your work or are retired it pays to know the truth about life insurance coverage.
5 Things You Need to Know to Buy Life Insurance
Shopping for life insurance can be confusing. Choose the plan that is best for you and your family with these top five considerations.