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
A Brief Guide To Condo Insurance
Important items to consider when purchasing condo insurance.
Consider Keeping Your Life Insurance When You Retire
Reasons to retain your coverage into your retirement years.
Saving for College 101
Here’s a crash course on saving for college.