Insurance

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.

Share |

Have A Question About This Topic?

Thank you! Oops!
 

Related Content

Ask a Financial Professional: Successful Entrepreneurs

Ask a Financial Professional: Successful Entrepreneurs

Learn more about business finance from Travis Scribner of WestPac.

Disability Insurance: Who Should Have It?

Disability Insurance: Who Should Have It?

There are generally 3 ways to obtain disability insurance. We're discussing these options in-depth, as well as whether or not you should consider purchasing your own policy.

What is Loss of Use?

What is Loss of Use?

Do you know what Loss of Use is?