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
Should You Sell Your Life Insurance Policy?
Here’s what you need to know if you’re considering selling your life insurance policy.
5 Costly Mistakes In Your Life Insurance Policy
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.
What is a Carrier?
Do you know what a Carrier is?