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
Travel, Without the Baggage
Tips to avoid checking in luggage on your next vacation.
The Half Million Dollar Baby
The true cost of raising a child may be far more than you expect.
Charitable Giving: Smart from the Heart
Do you have causes that you want to support with donations?