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 Determines Car Insurance Rates?
Learn about the factors used to create car insurance quotes in this educational article.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.