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
4 Tips to Avoid an Insurance Claim This Winter
As winter continues on, there are a few things you can do to prepare for and prevent a costly insurance claim.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.
The Three Keys to a Great Password
Have fun and learn how to craft the perfect password with the help of this highly engaging infographic.