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
9 Facts About Social Security
There are things about Social Security that might surprise you.
Car Insurance: Understanding Your Coverage Options
Here, we discuss the basics of car insurance coverage, including what’s required by law, what coverage you may want to consider, and the importance of understanding deductibles.
The Basics of Medicare
Learn all about Medicare basics in this informative and insightful article.