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
Couples and Money
Did you know money is a leading cause for break-ups and divorce among couples?
How to Read Your Credit Report
Solve a mystery while learning how important your credit report is with this story-driven interactive.
6 Tips to Help You Prepare for Natural Disasters
Disaster can strike at any time. These six tips can ensure you’re prepared when it does.