Equity Among Policyowners
Definition of "Equity among policyowners"
Grouping of applicants for life insurance according to expected mortality, so as to produce an underwriting classification in which the spread between health of the worst and best applicant is not so great as to skew the distribution curve.
Popular Insurance Terms
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Minimum rate of return, in life insurance, guaranteed to a policyowner in calculating benefits for a life insurance policy. It is also used by an insurance company as the minimum rate of ...
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