Asset Share Value
Definition of "Asset share value"
Policyholder's equity share of the life insurance company's assets. The share is based on the policyholder's contribution to assets (the company's gross premiums minus cost of insurance, expenses and dividends for the classification to which the policy belongs). This computation is derived from the actual experience of the insurance company instead of the assumptions initially used in calculating premiums and reserves. The actual experience may or may not deviate significantly from the expected experience.
Popular Insurance Terms
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Maximum age of an applicant or insured beyond which an insurance company will not initially underwrite a risk or continue to insure it. For example, under some forms of renewable term life ...
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