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
How Does an Umbrella Insurance Policy Work?
If you have a lot to lose, an Umbrella policy could be exactly what you need.
The Value of Insuring Against Life’s Risks
Building wealth requires protection from the forces of wealth destruction.
The Wild West of Data Theft
Learn about cyber liability insurance in this entertaining video.