Adjustable Premium

Adjustable Premium

A premium on an insurance policy that the insurer may alter. The premium may go either down or up, at least to a certain, stated limit. The premium may be adjusted depending on a change to the policyholder's life expectancy, the returns on the investments made with the premiums, and other factors.
References in periodicals archive ?
Braithwaite has provided expert testimony in the United States and in London on diverse topics including damage estimates, insurance and reinsurance pricing and underwriting practices, reinsurance underwriting custom and practice, reinsurance accounting and risk transfer, profit commissions, adjustable premium mechanisms, rehabilitation plans, solvent schemes of arrangement, self-insurance and captive liabilities and compliance with actuarial standards of practice.
The company offers financial service products from traditional whole life, adjustable premium life and term insurance to annuities and other retirement plans.
In addition, finite risk products typically allow minimum amounts of true risk transfer to the seller via an adjustable premium mechanism or other loss mitigating features.
to determine the correct premium (for) policies with adjustable premiums .

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