Insurance

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.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Surprises

Surprises

Making the most of surprises is a great reason to work with us.

What is a Dwelling Fire Policy?

What is a Dwelling Fire Policy?

Do you know what a Dwelling Fire Policy is?

Protecting Those Who Matter Most

Protecting Those Who Matter Most

The importance of life insurance, how it works, and how much coverage you need.