Insurance

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.

Share |

Have A Question About This Topic?

Thank you! Oops!
 

Related Content

Insurance Needs Assessment: When You're Young and Single

Insurance Needs Assessment: When You're Young and Single

Even if you’re young and single, you should still consider protecting yourself.

What is Dwelling Coverage?

What is Dwelling Coverage?

Do you know what Dwelling Coverage is?

Snapshots

Snapshots

Your life is marked by images. Prepare for the unexpected, so you can keep those pictures going.