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
The Other Sure Thing
Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?
What is a Term?
Do you know what a Term is?
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.