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
Your DNA Test
If your family relies on your income, it’s critical to know what their needs would be in the event of your death.
What is a Producer?
Do you know what a Producer is?
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.