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 Much Life Insurance Do I Need?
Your family's needs and assets are critical considerations when determining how much life insurance to invest in. Use this four-step process to help you calculate how much life insurance you need.
Your DNA Test
Preparing for the unexpected can make all the difference if your family relies on your income.
Safeguard Your Digital Estate
If you died, what would happen to your email archives, social profiles and online accounts?