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.
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.
Damaged property during the claims process shouldn't be thrown away.
Confused about Term or Whole Life Insurance? Discover how they work and, most importantly, how they can work for you.
This article is perfect for those looking to maintain their life insurance or explore alternate options during retirement.