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 Business Cycle
Understanding the economy's cycles can help put current business conditions in better perspective.
Rightsizing for Retirement
What does your home really cost?
The Lowdown on Those Free Credit Scores
What’s the deal with your yearly free credit report?