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.
What is a Premium?
Have A Question About This Topic?
Related Contents
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.
Did You Know This Fact About the Claims Process?
Claims can be left open as long as you need.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.