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
What is a Business Owner's Policy?
As a business owner, a BOP may be a convenient way to meet your unique protection needs.
Universal Life Insurance
Universal life insurance is permanent insurance with a flexible premium. Here's how it works.
Ways to Supplement Your Medicare Coverage
There are numerous ways to supplement your Medicare insurance coverage. This article helps you explore your options.