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
Consider Keeping Your Life Insurance When You Retire
Reasons to retain your coverage into your retirement years.
Surprise! You’ve Got Money!
Here’s a quick guide to checking to see if you have unclaimed money.
Important Birthdays Over 50
Here's a look at several birthdays and “half-birthdays” that have implications regarding your retirement income.