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
Understanding Extended Care
Understanding the types of extended care services—and what those services could cost—may be critical.
What is a Term?
Do you know what a Term is?
5 Benefits of Working in Retirement
Here are 5 reason why you may consider working through retirement.