What is ACTUARIAL EQUIVALENT?

In INSURANCE, a statistical measure based on the expectation that a loss will occur, and the benefits that will become payable as a result. By computing this measure, the INSURER can vary the PREMIUM it charges INSUREDS. See also ACTUARIAL PRICING.

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Related Legal Terms
ACTUARIAL PRICING, ACTUARIAL AGE, UNFUNDED ACTUARIAL LIABILITY, UNFUNDED SUPPLEMENTAL ACTUARIAL VALUE, ACTUARIAL ADJUSTMENT, ACTUARIAL ACCRUED LIABILITY, EQUIVALENT BREAKEVEN, ACTUARIAL GAIN OR LOSS, ACTUARIAL COST METHOD, ACTUARIAL ASSUMPTION


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