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
Is Cyber Liability Insurance Right for You?
Have you heard of cyber liability insurance? Do you need it?
Annuity Comparison
This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.
Layers of Protection
Take these five steps to protect your financial well-being before making any other changes.