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
Insurance Needs Assessment: For Empty Nesters and Retirees
Do your insurance needs stay the same when the nest empties?
Should I Buy or Lease an Auto?
This calculator compares the financial impact of leasing versus buying an automobile.
5 Benefits of Working in Retirement
Here are 5 reasons why you may consider working through retirement.