Insurance

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.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Bank on Your Good Health

Bank on Your Good Health

How to lower your risk of chronic illness

College Savings with Life Insurance

College Savings with Life Insurance

How can Life Insurance play a role in your college savings strategy?

Surprises

Surprises

Making the most of surprises is a great reason to work with us.