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
Making Your Tax Bracket Work
Have you explored all your options when it comes to managing your taxable income?
What is Underwriting?
Do you know what Underwriting is?
Choosing a Business Structure
Entrepreneurs all face the same question, “Which business structure should I adopt?”