Mortality and Expense Risk Charge


  • A fee applied to some insurance and annuity products to pay the insurer for risks assumed by the contract.

mortality risk charge, expense risk charge, risk charge

Related Terms and Acronyms

  • Actuarial Table Definition,
    • A table used in actuarial science that outlines the statistical probability that an individual of a specific age and sex will die within a year.
  • Exposure Definition,
    • How much liability an insurer takes on when they write an insurance policy.
  • Loss Control Definition,
    • The combined efforts undertaken by both the insurer and the insured to lower the risk, frequency and extent of potential losses.
  • Peril Definition,
    • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.
  • Premium Definition,
    • A payment made to an insurance company for insurance coverage.
  • Risk Class Definition,
    • A number of people who are grouped together because they pose similar levels of risk to an insurance company.
  • Risk Management Definition,
    • The methods used to identify, assess, and prioritize risk and the strategies used to manage them in the most effective and economical way possible.
  • Underwriting Risk Definition,
    • The total amount of risk an entity takes on from underwriting something.
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