Definition of natural premium
: the amount required to meet the mortality cost of life insurance for each particular year and increasing from year to year for any given unit of protection
Join MWU now and get access to America’s largest dictionary, with:
- 300,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up natural premium? Please tell us where you read or heard it (including the quote, if possible).