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Related Definitions
Market Risk Premium The Market Risk Premium is the return investors earn (or expect to receive) by investing in risky assets rather than risk-free assets on the market. This is the premium on market risk.
Premium or push money Additional compensation provided to salespeople to encourage them to sell all product.
Waiver-of-premium provision Waiver-of-premium provision refers benefit that can be added to a life insurance policy providing for waiver of all premiums coming due
Unearned premium reserve Unearned premium reserve allows liability reserve of an insurance company that represents the unearned part of gross premiums on all
Single-premium deferred annuity Single-premium deferred annuity is a retirement annuity that is purchased with a single premium with benefits to start at some future
Single-premium whole life insurance Single-premium whole life insurance is a whole life policy that provides lifetime protection with a single premium payment. Single-premium whole life insurance is a whole life policy that provides lifetime protection with a single premium payment.
Pure premium method of rating Pure premium method of rating is a rating system used in property and casualty insurance. The pure premium is determined by dividing the dollar amount of incurred losses and loss-adjustment expenses by
Net annual level premium (NALP) Net annual level premium (NALP) is an annual level premium for a life insurance policy with no expense loading. Mathematically equivalent
Gross premium Gross premium is an amount paid by the insured, consisting of the gross rate multiplied by the number of exposure units.
Flexible-premium annuity Flexible-premium annuity is an annuity contract that permits the owner to vary the size and frequency of premium payments.
The amount of retirement income depends on the accumulated sum
Definition