What is the Definition of Premiums In Force?

What is the Definition of Premiums In Force?

The sum of the face amounts, plus dividend additions, of life insurance policies outstanding at a given time.

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 Premiums In Force?

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


What is the meaning of Replacement cost (RC)

The actual cost of replacing damaged or destroyed property with new property, in contrast to Actual Cash Value (ACV).


What is the meaning of Residence premises

The physical location of the property for which insurance protection is provided. This is also known as the insured location.


What is the meaning of Roadside Assistance

Optional coverage for when you need a tow, run out of gas or have a flat tire. Learn more.


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