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
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.
Protecting Your Home Against Flood Loss
Protect yourself against the damage that your homeowners policy doesn’t cover.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.