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
How Does an Umbrella Insurance Policy Work?
If you have a lot to lose, an Umbrella policy could be exactly what you need.
Creative Ways to Motivate Your Employees
Five creative (and inexpensive) ideas for motivating your employees.
Term vs. Permanent Life Insurance
When considering life insurance, it's important to understand your options.