Interest Rate Scenario
Definition of "Interest rate scenario"
Set of yield curves in which an interest rate is specified for various maturities such as monthly, quarterly, or annually. The basis of the interest rate can be corporate bond rates, United States Treasury Issues, Commercial Mortgage Rate, or other fixed interest rate instruments. Since the assets and liabilities of pension plans and insurance companies are interest-rate sensitive, it is important to be aware of possible future interest rate movements.
Popular Insurance Terms
Restriction on the benefit that owners and other highly compensated individuals may receive from a qualified pension or other employee benefits. The U.S. Tax Code requires that benefits ...
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Interest of a beneficiary in the proceeds of a survivorship annuity. ...
Act first passed in 1962 that permits the self-employed individual to establish his or her own retirement plan. This individual can make nondeductible voluntary contributions and ...
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Act by a company that authorizes an agent to act on its behalf. ...
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Contract providing whole life insurance on the father and term insurance on the mother and all children, including newborns after reaching a stated age, usually 15 days. Children, upon ...
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