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
4 Benefits of Life Insurance for the Here and Now
Find out four ways your Life policy can help you in the here and now.
Should You Consider an Annuity for Retirement?
Annuities are a popular and well-established method of providing a secure retirement income. Here are our answers to a few of the most common questions asked by people who are considering this option.
Life Insurance for Young Adults
Getting life insurance before 40 is more common than you think—and it can be a smart choice for many people.