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.
What is a Premium?
Have A Question About This Topic?
Related Contents
Combine Your Policies and Save
Some things just make perfect sense in pairs.
What is a Claim?
Do you know what a Claim is?
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.