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
Keeping Good Records is Good Business
Maintaining good records for your business not only helps to meet your tax and legal obligations, but it can save you money.
How to Read Your Credit Report
Solve a mystery while learning how important your credit report is with this story-driven interactive.
Stop Wasting Money
One way to find money is to examine your current spending habits and eliminate money wasters.