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

The Business Cycle

The Business Cycle

Understanding the economy's cycles can help put current business conditions in better perspective.

Funding Your Future Health Care Needs

Funding Your Future Health Care Needs

A little planning now can go a long way to help take care of yourself in the future.

What is a Broker?

What is a Broker?

Do you know what a Broker is?