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

Coaches

Coaches

Coaches have helped you your whole life, in ways big and small. We’d like to be one of them.

Little-Known Homeowners Insurance Facts

Little-Known Homeowners Insurance Facts

Many homeowners are unaware of how much their policy may cover. This article can help you maximize your homeowners insurance.

Combine Your Policies and Save

Combine Your Policies and Save

Some things just make perfect sense in pairs.