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.
While price is a big factor, there are other important factors to consider when choosing the right life insurance policy for you.
It may help your business be better prepared in the event of the death of a principal or key employee.
Do you know what a Claim is?