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
5 Things You Need to Know to Buy Life Insurance
Shopping for life insurance can be confusing. Choose the plan that is best for you and your family with these top five considerations.
What is the Value of Your Business?
Ascertaining the value of your business is important for a variety of reasons.
The Value of Insuring Against Life’s Risks
Building wealth requires protection from the forces of wealth destruction.