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
Forecast
Life is as unpredictable as the weather. We’d love to help you prepare.
Did You Know This Fact About Basement Flooding?
A simple precaution can help prevent basement flooding.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.