TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

calculated valuation premium [1 record]

Record 1 1998-02-11

English

Subject field(s)
  • Life Insurance
  • Actuarial Practice
DEF

A premium which does not include marketing overhead expense or a specific profit margin and which is calculated using the valuation assumptions as at the date the policy takes effect.

OBS

Compare to "actual premium".

French

Domaine(s)
  • Assurance sur la vie
  • Actuariat
DEF

Prime d'où l'on exclut les frais généraux de mise en marché ou une marge de profit spécifiée et que l'on détermine à partir des hypothèses actuarielles en usage à la date d'entrée en vigueur du contrat.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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