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
Financial Fixes: 5 Tips for Handling Inheritance
Remember that family reunion you wanted to forget?
The Big Picture–Little Focus on Big Issues
If the stock market is hitting record highs, why aren’t money managers feeling the love?
Infographic: Coverage Checkup
Coverage checkup. Is disability coverage from your employer enough?