Full Preliminary Term Reserve Valuation


Definition of "Full preliminary term reserve valuation"

Mathematical combination of one-year term insurance and one-year deferred permanent insurance such that no reserve has to be set up for the first year the policy is in force and allowance is made for adjustment in future reserves to reflect this one-year lag.

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

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ