Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Commissioners' Reserve Valuation Method

Synonyms:insurance valuation, minimum statutory reserves method
Filed Under: annuities, financial-banking, insurance, investments
Tags: annuity, banking, insurance, investment

Definition of commissioners' reserve valuation method

commissioners' reserve valuation method
1. A method of valuating minimum statutory reserves for insurance products and annuities that takes the insured person's age and sex, the policy's term length, interest rates, and a mortality table into consideration.

Related Terms and Acronyms:

  • annuitant   An individual who owns or is the recipient of an annuity.
  • annuity table   A table that can be used to find the future value of an annuity.
  • commutation   An option given to the beneficiaries of annuities and life insurance policies that allows them to modify the frequency and size of benefit payments.
  • future value of an annuity (FVA)   The value of an annuity at some future date.
  • life expectancy method   A method of calculating the appropriate size of payments in an annuity's income phase by estimating the annuitant's life expectancy.
  • needs approach   A way of determining how much life insurance an individual should purchase by examining the future obligations and needs of the beneficiaries.
  • present value interest factor of annuity (PVIFA)   A method used to find an annuity's present value.
  • valuation   The estimation of a property's price value through an appraisal.

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