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
Keep Your Life Insurance When You Retire
This article is perfect for those looking to maintain their life insurance or explore alternate options during retirement.
Consider Keeping Your Life Insurance When You Retire
Reasons to retain your coverage into your retirement years.
What is Dwelling Coverage?
Do you know what Dwelling Coverage is?