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
Why An Annuity May Be Key to Your Retirement Plan
If you’re looking for a way to supplement your income in retirement, an annuity may be for you.
Term vs. Permanent Life Insurance
When considering life insurance, it's important to understand your options.
What is a Carrier?
Do you know what a Carrier is?