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
Build a Stronger Financial Future
Learn about a financial asset that can help you build a stronger financial future.
Benefits of Life Insurance
Discover the benefits whole life can provide during your different life stages.
A Home Insurance Claim: To File Or Not To File
Learn when it may not make sense to file a claim on your home insurance.