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• The payment, or one of the regular periodic payments, that a policyholder makes to own an insurance policy.

  Alabama Department of Insurance - Cite This Source - This Definition
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  Cite Definition for Premium

  American Psychological Association (APA)

  Premium. (n.d.). Glossary of Life Insurance Terms. Retrieved June 10, 2023, from website: http://www.expertglossary.com/definition/premium.

  Chicago Manual of Style (CMS)

  Premium. www.aldoi.gov. Glossary of Life Insurance Terms. Alabama Department of Insurance. http://www.expertglossary.com/definition/premium (accessed: June 10, 2023).

  Modern Language Association (MLA)

  "Premium." Glossary of Life Insurance Terms. Alabama Department of Insurance. 10 June. 2023 http://www.expertglossary.com/definition/premium.

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