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 Why, What and How of Life Insurance

The Why, What and How of Life Insurance

The Why, What and How of Life Insurance

Gifting of A Stronger Financial Future

Gifting of A Stronger Financial Future

Here’s a gift idea that can help create a stronger financial future for your child or grandchild.

What is Life Insurance? Part 1

What is Life Insurance? Part 1

What is Life Insurance? Part 1