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
How Swimming Pools Affect Your Homeowners Policy
When the weather warms up, it’s important to remain up to date when it comes to your insurance coverage—especially if you own a pool.
5 Factors That May Impact Your Car Insurance Rate
While there are many factors that could affect your car insurance rates, these five you’ll want to keep at the top of your mind.
The Other Sure Thing
A new LIMRA study shows that 40% of Americans believe the death of a primary wage earner would cause financial challenges.