Commissioners' Reserve Valuation Method

Definition

  • A method of valuating minimum statutory reserves for insurance products and annuities that takes the insured person's age and sex, the policy's term length, interest rates, and a mortality table into consideration.

Synonyms
insurance valuation, minimum statutory reserves method

Related Terms and Acronyms

  • Annuitant Definition,
    • An individual who owns or is the recipient of an annuity.
  • Annuity Table Definition,
    • A table that can be used to find the future value of an annuity.
  • Commutation Definition,
    • An option given to the beneficiaries of annuities and life insurance policies that allows them to modify the frequency and size of benefit payments.
  • Future Value of an Annuity (FVA) Acronym,
    • The value of an annuity at some future date.
  • Life Expectancy Method Definition,
    • A method of calculating the appropriate size of payments in an annuity's income phase by estimating the annuitant's life expectancy.
  • Needs Approach Definition,
    • A way of determining how much life insurance an individual should purchase by examining the future obligations and needs of the beneficiaries.
  • Present Value Interest Factor of Annuity (PVIFA) Acronym,
    • A method used to find an annuity's present value.
  • Valuation Definition,
    • The estimation of a property's price value through an appraisal.
    • The process of finding the worth of an asset or business.
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