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
Questions to Ask About Medicare
Take the guesswork out of your IEP or SEP with this helpful article.
Why Consider Life Insurance and What Type
Key uses for life insurance and the difference between whole life and term
From Aliens to Zombies, the A to Z of Insurance
When your life changes, your insurance needs change as well.