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
Life Insurance for Young Adults
Getting Life Insurance before 40 isn’t as uncommon as you think. Find out why this can be a super smart decision for just about anyone.
Understanding Homeowners Insurance
Purchasing homeowners insurance is critical for protecting your home.
Acres of Diamonds
In life it often happens that the answers to our most pressing questions are right in our own backyards.