Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

interest factor

Read a random definition: relative confession

A quick definition of interest factor:

Interest factor: In insurance, the interest factor is an estimate of the amount of money an insurer will earn on premium payments over the life of a policy. This is used to calculate premium rates for life insurance policies. It is one of the factors that insurers consider when determining how much to charge for coverage.

A more thorough explanation:

Definition: In the insurance industry, the interest factor is an estimate of the interest or rate of return that an insurer will earn on premium payments over the life of a policy. It is used to calculate premium rates for life insurance policies.

Example: Let's say a person purchases a life insurance policy with a premium of $100 per month. The insurer estimates that they will earn a 5% interest rate on the premium payments over the life of the policy. This means that the interest factor for this policy is 1.05.

Explanation: The interest factor is an important element in determining the premium rates for life insurance policies. It takes into account the expected rate of return on the premium payments, which helps the insurer to calculate the amount of money they will need to pay out in claims and still make a profit. In the example above, the interest factor of 1.05 means that the insurer expects to earn an additional 5% on the premium payments over the life of the policy.

interest-equalization tax | interest-free loan

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
JapaneseMacaque
20:57
TY
jackfrost11770
20:59
got a random stanford email and almost had a heart attack
jackfrost11770
20:59
ALSO CONGRATS!
texaslawhopefully
21:03
Congrats1!
Ratratta
21:15
Miami A, yall I'm so excited I could cry.
Ratratta
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
JazzyGazelle
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
JazzyGazelle
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
JazzyGazelle
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
180SupremeWarrior
23:53
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
JazzyGazelle
0:59
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
jackfrost11770
5:37
good morning lsd it is 5 am EST
jackfrost11770
5:37
also jazzy my ndls address went long ages ago i sadly do not think it means anything
jackfrost11770
5:38
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
LSD+ is ad-free, with DMs, discounts, case briefs & more.