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.

Share |

Have A Question About This Topic?

The Financial Literacy Crisis

Many Americans are operating their personal finances with only the barest minimum of knowledge.

5 Benefits of Working in Retirement

Here are 5 reason why you may consider working through retirement.