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
How Stocks Work
Understanding how a stock works is key to understanding your investments.
5 Times When an Annuity Might Be Right For You
Dive in deep to learn about the various types of annuities, how they work, and when they might be right for you.
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.