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
When is the Right Time to Buy Life Insurance?
It's never too early to start thinking about life insurance. Waiting until you're older or in poor health is never a good idea.
Did You Know This Fact About Emergency Preparedness?
An emergency kit is essential for every household.
Saving on Subscription Service Costs
There are ways to improve your physical fitness without denting your fiscal fitness.