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
What to Look for in Personal Finance Apps
An increasing number have been developed to help individuals with their personal finances.
The Five Basics of Financial Literacy
How literate are you when it comes to your finances? Brush up with these five basics.
Gun Ownership and Your Homeowners Policy
Gun owners need to make sure that their homeowners policy covers the full value of their firearm(s) as personal liability.