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
Is Your Insurance Santa Proof?
The holiday season isn't complete until you've watched your favorite Christmas movie. Consider how the aftermath of these favorite movie mishaps would play out in real life.
What Determines Car Insurance Rates?
Learn about the factors used to create car insurance quotes in this educational article.
Getting a Head Start on College Savings
A few strategies that may help you prepare for the cost of higher education.