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
Did You Know This Fact About Flushing the Toilet?
Did you know you can still flush the toilet, even if your well pump is stopped.
Your DNA Test
Preparing for the unexpected can make all the difference if your family relies on your income.
Life Insurance for Young Adults
Getting Life Insurance before 40 isn’t as uncommon as you think. Find out why this can be a super smart decision for just about anyone.