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 Night Safety?
Follow this tip to increase your children's visibility at night.
Did You Know This Fact About Emergency Preparedness?
An emergency kit is essential for every household.
The Right Time to Buy an Annuity
Learn how timing can influence your decision about if and when to buy.