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
If a Tree Falls
This handy video helps you stay prepared in case a fallen tree has damaged your house.
The Value of Insuring Against Life’s Risks
Building wealth requires protection from the forces of wealth destruction.
How Does an Umbrella Insurance Policy Work?
If you have a lot to lose, an Umbrella policy could be exactly what you need.