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.
What is a Premium?
Have A Question About This Topic?
Related Contents
Combine Your Policies and Save
Some things just make perfect sense in pairs.
The Value of Insuring Against Life’s Risks
Building wealth requires protection from the forces of wealth destruction.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.