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
Accidents
Accidents happen to everyone. We're here to help.
Did You Know This Fact About Dryer Lint?
Dryer lint is extremely flammable, and should be cleaned regularly
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.