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Average Net Cost
(redirected from Interest Adjusted Cost)

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Average Net Cost
The cost of an insurance policy, taking into account the time value of money. There are several different ways to calculate the average net cost. It is also called the interest adjusted cost.
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An identical interest adjusted cost is obtained by observing the dual price corresponding to the single insurance constraint.
Whole life cost comparisons based upon the year of required protection by Schleef, Harold J. / Journal of Risk and Insurance
 
 
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