Projection Factors
Definition of "Projection factors"
Expectations of investment return, mortality experience, and expenses used in projecting future cash values for life insurance and annuities. These projections cannot be part of the actual policy since they are not guaranteed. Rather, they take the form of separate computer printouts and are used in sales presentations.
Popular Insurance Terms
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Same as term Compulsory Insurance: coverage required by the laws of a particular state. For example, many states stipulate minimum amounts of automobile liability insurance that must be ...
Charge against a business firm in a product liability insurance lawsuit. Manufacturers have been held responsible for their products. When consumers become injured while operating a ...
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Written notice to an insured showing date of termination of an insurance policy. ...
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Initial reserve plus the terminal reserve divided by two for any year of valuation. ...
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