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
Insurance Needs Assessment: Married With Children
When you’re married and have children, insurance needs will be different.
Saving for College 101
Here’s a crash course on saving for college.
This Is Your Brain on Retirement
The brain is a powerful thing, but when it comes to preparing for something that is far in the distance like retirement, it can easily be led astray — and result in some big retirement planning mistakes.