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.
What is a Premium?
Related Content
Forecast
Life is as unpredictable as the weather. We’d love to help you prepare.
Does Your Credit Score Affect Your Insurance Rates?
Your credit score may influence how much you pay for auto and home insurance.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.