ADJUSTED PREMIUM METHOD
A calculation method exercised to arrive at the cash surrender value (CSV) of an insurance policy. Adjustments Premium Method procedures:
- compute for the first-year expense allowance
- Get the Adjusted Premium
- The Adjusted Premium must be substituted for the Net Level Premium employed in the equation to come up with the Prospective Reserve.
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A legal document that grants the bearer a right or privilege, provided that he or she meets a number of conditions. In order to receive the privile ...
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