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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Yearly Price Protection Method


Synonyms:annual cost coverage, annual price protection method
Filed Under: financial-banking, insurance, investments
Tags: banking, insurance, investment
 

Definition of yearly price protection method

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:

  • actuarial table   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   An individual who assesses the mechanisms, mathematics and complexities of risk and uncertainty.
  • issue age   The policyholder's age when the policy was first issued, to the nearest year.
  • yearly probability of dying   The likelihood that an individual of a certain age and gender will die within a year.

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