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.
Questions to Ask About Medicare
Take the guesswork out of your IEP or SEP with this helpful article.
Flood Insurance: What Homeowners Need to Know
Even if you’re not living in a “high-risk” area, here’s why you may want to consider flood insurance to protect your home or business.