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
Coaches
Coaches have helped you your whole life, in ways big and small. We’d like to be one of them.
What is a Dwelling Fire Policy?
Do you know what a Dwelling Fire Policy is?
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.