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
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.
What is a Loss?
Do you know what a Loss is?
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.