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
The Right Time to Buy an Annuity
Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.
Making Sense Of A Home Warranty
Understanding the value of a home warranty.
Buying vs. Leasing a Car
Whatever your relationship with your car, it may eventually come time for a new one. Familiarize yourself with your options.