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 is a Business Owner's Policy?
As a business owner, a BOP may be a convenient way to meet your unique protection needs.
The Business Cycle
Understanding the economy's cycles can help put current business conditions in better perspective.
The Financial Literacy Crisis
Many Americans are operating their personal finances with only the barest minimum of knowledge.