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
Insurance Needs Assessment: When You're Young and Single
Even if you’re young and single, you should still consider protecting yourself.
The A, B, C, & D of Medicare
Learn about all the parts of Medicare with this informative and enjoyable article.
Comparing Mortgage Terms
Estimate the total cost in today's dollars of various mortgage alternatives.