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
Forecast
Life is as unpredictable as the weather. We’d love to help you prepare.
4 Tips to Avoid an Insurance Claim This Winter
As winter continues on, there are a few things you can do to prepare for and prevent a costly insurance claim.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.