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
Believe it or not, your Life Insurance policy can be helpful for you, not just your loved ones. Find out four ways your Life policy can help you in the here and now.
Can I Refinance My Mortgage?
This calculator can help determine whether it makes sense to refinance your mortgage.
The Right Time to Buy an Annuity
Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.