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
Errors and Omissions Insurance
E&O insurance is specifically designed to protect you, or your company, from the risk of a client’s dissatisfaction.
Debt Stress
There’s a link between debt and stress.
5 Costly Mistakes In Your Life Insurance Policy
Make sure your family understands these life insurance mistakes and how to avoid them.