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Cost of Insurance

 
Insurance Dictionary: Cost of Insurance
 

Value or cost of the actual net protection, in life insurance, in any year (face amount less reserve) according to the yearly renewal term rate used by an insurance company. See also Interest Adjusted Cost.

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more

 

Mentioned in

  • CIF (abbreviation)
  • CI (abbreviation)
  • C&f (business term)
  • CFI (abbreviation)