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
Your DNA Test
If your family relies on your income, it’s critical to know what their needs would be in the event of your death.
The A, B, C, & D of Medicare
Learn about all the parts of Medicare with this informative and enjoyable article.
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.