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.
How Much Life Insurance Do I Need?
Your family's needs and assets are critical considerations when determining how much life insurance to invest in. Use this four-step process to help you calculate how much life insurance you need.
What is Dwelling Coverage?
Do you know what Dwelling Coverage is?