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
Understanding Extended Care
Understanding the types of extended care services—and what those services could cost—may be critical.
Did You Know This Fact About Trampolines?
Trampolines cause thousands of injuries per year.
Is Your Insurance Santa Proof?
The holiday season isn't complete until you've watched your favorite Christmas movie. Consider how the aftermath of these favorite movie mishaps would play out in real life.