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.
Related Content
If You're In An Accident
Learn the best steps to take after you’ve been in an automobile accident with this useful, step-by-step video.
5 Costly Mistakes In Your Life Insurance Policy
There are many considerations when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.