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.
Do you know what a Deductible is?
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.
This calculator estimates the savings from paying a mortgage bi-weekly instead of monthly.