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
10 Most Common and Costly Small Business Claims
Here are the 10 most common claims against small businesses. Are you covered?
Is Your Insurance Santa Proof?
The holiday season isn't complete until you've watched your favorite Christmas movie. Consider how the aftermath of these favorite movie mishaps would play out in real life.
The Value of Insuring Against Life’s Risks
Building wealth requires protection from the forces of wealth destruction.