Definition of "Radix"
Base upon which a mortality table is built by beginning with a randomly selected group of people who are alive at the earliest age for which statistics are available on the number of people alive at that age. From this data, the rates of mortality can be used to build "the number of people alive at a given age" and "the number of people who die at a given age" columns in the mortality table.
Popular Insurance Terms
Written evidence given to a policyowner by an insurance company or insurance agency that it has received a premium. ...
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Agent who is licensed and who markets and services insurance policies in a state in which he or she is not domiciled. ...
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