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
The Right Time to Buy an Annuity
Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.
Medicare At 65+
65 or older? It may be time to enroll in Medicare. Read to learn if you’re eligible.
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.