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
COBRA Coverage
Curious about alternate insurance options? This article will help you learn the basics of COBRA coverage.
Did You Know This Fact About Claims Advances?
If a fire forces you out of your home, you can ask for a claim advance.
Choosing Between Term and Whole Life Insurance
Confused about Term or Whole Life Insurance? Discover how they work and, most importantly, how they can work for you.