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
A Bucket Plan to Go with Your Bucket List
A bucket plan can help you be better prepared for a comfortable retirement.
Your DNA Test
Preparing for the unexpected can make all the difference if your family relies on your income.
Split Annuity Strategy
Here's one strategy that combines two different annuities to generate income and rebuild principal.