Yearly Price Protection Method

Definition

  • A calculation method used in actuarial science used to find the yearly cost of protection for policies that include a savings component.

Synonyms
annual cost coverage, annual price protection method

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.
  • Actuary Definition,
    • An individual who assesses the mechanisms, mathematics and complexities of risk and uncertainty.
  • Issue Age Definition,
    • The policyholder's age when the policy was first issued, to the nearest year.
  • Yearly Probability of Dying Definition,
    • The likelihood that an individual of a certain age and gender will die within a year.
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