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
10 Most Common and Costly Small Business Claims
Here are the 10 most common claims against small businesses. Are you covered?
4 Benefits of Life Insurance for the Here and Now
Believe it or not, your Life Insurance policy can be helpful for you, not just your loved ones. Find out four ways your Life policy can help you in the here and now.
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.