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.
What is a Premium?
Have A Question About This Topic?
Related Contents
Coaches
Coaches have helped you your whole life, in ways big and small. We’d like to be one of them.
What is a Deductible?
Do you know what a Deductible is?
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.