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
Replacing Your Medicare Card
Learn how to replace your lost, stolen, or damaged Medicare card in this helpful article.
What is Dwelling Coverage?
Do you know what Dwelling Coverage is?
5 Key Points for Choosing a Life Insurance Policy
While price is a big factor, there are other important factors to consider when choosing the right life insurance policy for you.