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
Will Power
Preparing for the eventual distribution of your assets may not sound enticing. But a will puts the power in your hands.
Term vs. Permanent Life Insurance
When considering life insurance, it's important to understand your options.
What Does Boat Insurance Cover?
Learn the basics of boat insurance, including what it is, what it covers, and why you may want to consider protecting your watercraft against accidents.