Yearly Price Protection Method

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • annual price protection method
  • annual cost coverage

Definition of Yearly Price Protection Method

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

Related Terms and Acronyms

  • Yearly Probability of Dying Definition,
    • The likelihood that an individual of a certain age and gender will die within a year.
  • Actuary Bank,
    • 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.
  • Actuarial Table Bank,
    • 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.
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