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
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.
Did You Know This Fact About Foggy Conditions?
Foggy conditions make driving more hazardous, but high beams aren't the answer.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.