Insurance

What is a Premium?

Premium

[pree-mee-uh m]

noun

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.

Have A Question About This Topic?

Long-Term-Care Needs

Determine your potential long-term care needs and how long your current assets might last.

Travel, Without the Baggage

Tips to avoid checking in luggage on your next vacation.