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
Did You Know This Fact About Trampolines?
Trampolines cause thousands of injuries per year.
5 Key Points for Choosing a Life Insurance Policy
While price is a big factor, there are other important factors to consider when choosing the right life insurance policy for you.
Should I Pay Off Debt or Invest?
This calculator will help determine whether you should invest funds or pay down debt.