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 Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.
A Look at Whole Life Insurance
Whole life insurance remains in force as long as you remain current with premiums. Here's how it works.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.