What is the Definition of Net Annuity Cost?

What is the Definition of Net Annuity Cost?

A monetary amount equal to the present value of future periodic payments under an annuity contract, calculated on a net basis, without any specific provision for expense loading. Contrast with Gross annuity cost. (See Annuity cost)

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 Net Annuity Cost?

You can find random definition and meaning of insurance terms below:

What is the meaning of Umbrella Insurance

Provides high limits of additional liability coverage above the limits of your homeowners and auto policy. In addition, it provides coverage that may be excluded by other liability policies.

What is the meaning of Underwriting

The process an insurer goes through to determine whether or not it will provide coverage for an applicant.

What is the meaning of Uninsured Motorist Coverage

In some circumstances, may pay for your injuries or property damage caused by an uninsured motorist or, in some states, an unidentified driver. In some cases it also includes coverage for underinsured motorists and at-fault drivers with insufficient insurance to pay your claim. This coverage is subject to the terms, limits and conditions of your policy contract.

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