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
Person other than the annuitant as designated by the policyholder on whose life expectancy the annuity payment is also based. ...
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Insurance policy for which the required premium has been paid. ...
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