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The expansion of an acronym like PIN or HIV may be well known to English speakers, but the acronyms themselves have come to be treated as words, so little thought is given to what their expansion is (and "PIN" is also pronounced the same as the word "pin"; disambiguation is probably the source of "PIN number"; "SIN number" for "Social Insurance ...
Each account in the chart of accounts is typically assigned a name. Accounts may also be assigned a unique account number by which the account can be identified. Account numbers may be structured to suit the needs of an organization, such as digit/s representing a division of the company, a department, the type of account, etc.
Actuarial notation is a shorthand method to allow actuaries to record mathematical formulas that deal with interest rates and life tables.. Traditional notation uses a halo system, where symbols are placed as superscript or subscript before or after the main letter.
In social welfare programs, the Office of the Chief Actuary (OCACT), Social Security Administration plans and directs a program of actuarial estimates and analyses relating to SSA-administered retirement, survivors and disability insurance programs and to proposed changes in those programs.
Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
A life insurance premium is the rate you pay for life insurance coverage. Life insurance premiums are determined using factors such as age, health, policy type and coverage limits.
This leads to widespread use of life insurance as a tax-efficient method of saving as well as protection in the event of early death. In the United States, the tax on interest income on life insurance policies and annuities is generally deferred. However, in some cases the benefit derived from tax deferral may be offset by a low return. This ...
Traditional life insurance policies, including term and permanent life insurance, typically contain a suicide clause that applies for a specific period. After this period expires, the policy ...