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
The 5 Roles Life Insurance Can Play in Retirement
A life insurance policy can supplement your retirement financial strategy by being a source of emergency cash or loan funds, or by simply providing the confidence that comes from knowing you've covered all the bases.
The Cost of Medical Care
Learn about the risks of not having health insurance in this informative article.
Insurance Needs Assessment: Married With Children
When you’re married and have children, insurance needs will be different.