What is the Definition of Mortality And Expense (M&E) Risk Charge?
A fee that covers such annuity contract guarantees as death benefits.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Mortality And Expense (M&E) Risk Charge?
You can find random definition and meaning of insurance terms below:
Meaning of Annuity Prospectus in Insurance Terms
Legal document providing detailed information about variable annuity contracts. Must be offered to each prospective buyer.
Meaning of Annuity in Insurance Terms
A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant’s lifetime. There are two basic types of annuities: deferred and immediate. Deferred annuities allow assets to grow tax-deferred over time before being converted to payments to the annuitant. Immediate annuities allow payments to begin within about a year of purchase.
Meaning of Annuity Certain in Insurance Terms
A type of annuity contract that pays periodic income benefits for a stated period of time, regardless of whether the annuitant lives or dies. Also known as period certain annuity. Contrast with Straight life annuity. (See Payout options)
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