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
Did You Know This Fact About Roof Safety?
A roof harness is essential if you're up on the roof making repairs.
Should You Have More Than One Life Policy?
Whether you need more than one life insurance policy will depend on your personal and financial situation. In this article, we explore some of the reasons one might purchase additional policies.
Just Married? A Guide to Combining Your Insurance
If you just recently married, then it may be time to take another look at your insurance policies to see where you can save money.