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
Life Insurance Needs in Your 60s and 70s
Life insurance can be part of a sound financial strategy for people in their 60s and 70s as well.
What is a Carrier?
Do you know what a Carrier is?
Why An Annuity May Be Key to Your Retirement Plan
If you’re looking for a way to supplement your income in retirement, an annuity may be for you.