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
Will It Pay to Buy Travel Insurance This Summer?
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.
The Three Keys to a Great Password
Have fun and learn how to craft the perfect password with the help of this highly engaging infographic.
Mastering Mobile Lingo
Do you understand these common mobile slang terms?