Actuarial Equivalent


Definition of "Actuarial equivalent"

Georgia Curie real estate agent
Georgia Curie Cherry Creek Properties LLC

Mathematical determination based on the expectation of loss and the benefits to be paid in such an eventuality. The premium charged will vary directly with the probability of loss.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Subsidization

Difference between the actuarial equivalent (rate) and the often lower rate actually charged to insure a risk. ...

Present Expected Value

Actuarial equivalent method of calculating the premium rate through the development of the following equation: probability that the event insured agai ...

Funding Instrument/funding Media/funding Vehicle

Legal contract, such as an insurance policy, annuity or pension plan, containing actuarial equivalent considerations for the proper rate structure so ...

Taft-hartley Pension Plan

Pension plan under which both the contribution (employer and employee if a contributory plan) and the benefit structure are fixed. In order to properl ...

Debit Insurance (home Service Insurance, Indus­trial Insurance)

Life insurance on which a premium is collected on a weekly, bi-weekly, or monthly basis, usually at the home of a policyholder. The face value of the ...

Identification

First step in the risk management process. The objective is to determine the sources of losses. For example, the profit and loss statement of a busine ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Building a Real Estate Team Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House

FAQ

What is a cap? What do I need to know about Homeowners Insurance? What is comprehensive homeowners insurance? What is a loan-to-value (LTD) ratio? Do I need Earthquake Insurance?