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
What is a Policy?
Do you know what a Policy is?
Term vs. Permanent Life Insurance
When considering life insurance, it's important to understand your options.
Making Your Tax Bracket Work
Have you explored all your options when it comes to managing your taxable income?