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
3 Things to Do Before You Start a Home Business
Thinking about starting a home business? Learn what to do before your front door says “Open.”
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.
Social Media: #NewestBusinessLiabilityRisk
Social media may be a modern imperative for businesses looking to grow and build their brand, but it also introduces risk.