---
title: Premium Overview
description: Here’s an overview of the premium components that can be added across different products in Core.
---

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# Premium Overview

## Here’s an overview of the premium components that can be added across different products in Core.

For **Annuity Business**: Set **Annuity Premium** as the required component.

For **Disability, Long-Term Care, Medical Supplement, and Term Life, Set the** **Basic Premium** as the required component. If applicable, add the **Policy Fee.**

For **Permanent Life** and other product types: Set **Target Premium** as the required component. After saving the product, add the following premium components: **Excess, Lump Sum/1035 Funds, Rolling Target,** and **Planned Premium**. Once these components are added, navigate to the **Product Info** tab and enable the system to calculate excess if the product pays excess.

**Note:** If the policy fee is banded, you must create the bandings on the premium component tab of the product record after it is saved.

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