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
Your DNA Test
If your family relies on your income, it’s critical to know what their needs would be in the event of your death.
Protecting Your Business from the Loss of a Key Person
Business owners may be able to protect themselves from the financial consequences of losing a key employee.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.