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
Extended Care: A Patchwork of Possibilities
What is your plan for health care during retirement?
What is a Claim?
Do you know what a Claim is?
Protecting Those Who Matter Most
The importance of life insurance, how it works, and how much coverage you need.