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
Lifetime of Earnings
Estimate how much you have the potential to earn during your working years.
What is an Adjuster?
Do you know what an Adjuster is?
Disability Income
This calculator estimates your chances of becoming disabled and your potential need for disability insurance.