net valuation premium

noun

: a premium for a life insurance policy set after a determination of the amount needed to cover liabilities and maintain policy reserves

Dictionary Entries Near net valuation premium

Cite this Entry

“Net valuation premium.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/net%20valuation%20premium. Accessed 20 Apr. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!