MORTALITY COST
\mɔːtˈalɪti kˈɒst], \mɔːtˈalɪti kˈɒst], \m_ɔː_t_ˈa_l_ɪ_t_i k_ˈɒ_s_t]\
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Mortality-table based cost calculated in life insurance policies. The policy's face amount times the mortality likelihood, the chance that the policy will be paid out as a claim when the insured dies is the calculated mortality cost,
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.