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 Wild West of Data Theft
Learn about cyber liability insurance in this entertaining video.
Insuring Your Second Home
There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.