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
Extended Care: A Patchwork of Possibilities
What is your plan for health care during retirement?
What is Loss of Use?
Do you know what Loss of Use is?
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.