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
Your DNA Test
If your family relies on your income, it’s critical to know what their needs would be in the event of your death.
Retiree Health Care Coverage Overseas
Retirees traveling abroad need to know that their health insurance travels with them.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.