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
Is Your Business Auto Up to Date?
A business owner needs to answer only one question when determining whether to have a commercial auto policy.
5 Times When an Annuity Might Be Right For You
Dive in deep to learn about the various types of annuities, how they work, and when they might be right for you.
What is Blanket Coverage?
Do you know what Blanket Coverage is?