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
Acres of Diamonds
In life it often happens that the answers to our most pressing questions are right in our own backyards.
Did You Know This Fact About Foggy Conditions?
Foggy conditions make driving more hazardous, but high beams aren't the answer.
Lifetime of Earnings
Estimate how much you have the potential to earn during your working years.