Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to this section including but not limited to lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract, but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract.
Policyholder behavior means any action a policyholder,
Policyholder behavior means any action a policyholder, contract holder, or any other
Examples of Policyholder behavior in a sentence
Policyholder behavior assumptions in the model must be consistent with the NGE assumed in the model.
Policyholder behavior is difficult to predict and behavior assumptions can significantly impact the results.
Policyholder behavior assumptions such as mortality, persistency, withdrawal, annuitization, and sub-account transfer can be analyzed by sensitivity testing in hedging simulation or liability valuation work.
Policyholder behavior can vary by product, market, distribution channel, fund performance, time/product duration, etc.
Policyholder behavior risk • Lower partial withdrawals and lapses may increase or decrease gains depending on product design and market situation.
More Definitions of Policyholder behavior
Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options under a policy or contract, such as a certificate holder, may take under a policy or contract including lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract.
Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options may take under a policy or contract subject to KRS 304.6-130 to 304.6-180, excluding events of mortality that
Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options may take under a policy or
Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options under a policy or contract, such as a certificate holder, may take under a policy or contract including lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract. "Policyholder behavior" does not include events of mortality or morbidity that result in benefits prescribed in the terms of the policy or contract.
Policyholder behavior means an action that a policyholder, a contract holder or a person who has the right to elect options, such as a certificate holder, may take pursuant to a policy or contract that is subject to the Standard Valuation Law and, if allowed pursuant to the policy or contract, includes lapses, withdrawals, transfers, deposits, premium payments, loans and annuitization and benefit elections, but excludes events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract;
Policyholder behavior means any action or nonaction (excluding the use of non-elective benefits) by a policyholder, contract holder, or other party having rights or options under the policy or contract including, but not limited to, lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit election.