full preliminary term reserve valuation
Full preliminary term reserve valuation refers to a technique in reserving for life insurance in which no reserve is required for the first year of the life of the contract, with this difference being made up over the contract's duration.
full preliminary term reserve valuation
Full preliminary term reserve valuation refers to a technique in reserving for life insurance in which no reserve is required for the first year of the life of the contract, with this difference being made up over the contract's duration.
Additional Information
This is to minimize the heavy first-year expenses in writing life insurance.
