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
5 Factors That May Impact Your Car Insurance Rate
While there are many factors that could affect your car insurance rates, these five you’ll want to keep at the top of your mind.
The Cost of Medical Care
Learn about the risks of not having health insurance in this informative article.
The Economic Journey of Your Morning Coffee
Few contemplate the complex journey that brought their coffee from farm to kitchen table.