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LSDefine

Simple English definitions for legal terms

natural premium

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A quick definition of natural premium:

A natural premium is the actual cost of life insurance based solely on mortality rates. It is the amount of money that an insurance company needs to collect to pay out claims based on the likelihood of certain events happening. This amount is calculated without including any additional expenses or commissions. It is important to understand the natural premium when purchasing life insurance to ensure that you are getting the best value for your money.

A more thorough explanation:

Definition: The actual cost of life insurance based solely on mortality rates. This amount will be less than a net premium.

Example: Let's say a 30-year-old non-smoker wants to buy a life insurance policy with a death benefit of $500,000. The insurance company calculates the natural premium based on the person's age, gender, and health status. If the natural premium is $500 per year, the net premium (which includes expenses and profit for the insurance company) might be $700 per year.

Explanation: The natural premium is the minimum amount an insurance company needs to charge to cover the expected cost of claims based on mortality rates. It doesn't include any additional expenses or profit for the company. In the example, the insurance company might charge a net premium of $700 to cover its expenses and make a profit. The difference between the natural premium and the net premium is the loading, which is the amount the insurance company adds to cover its expenses and profit.

natural possession | natural presumption

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babycat
10:15
woah you got a word for discord in russian that’s crazy
спасибо 🫡
triplethread
10:15
@BulbasaurNoLikeCardio: My nose is pierced and I run like 10 miles a week im good haha
BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
BulbasaurNoLikeCardio
10:20
Yes the septum, so they don't feel weird or mess with breathing/running at all even when flipped in? At limit
snow
10:23
its been a quiet morning so far
LSDFan
10:23
i have no hope for today
JumpySubsequentDolphin
10:24
idk about septums, i only have nostril pierced @bulb
triplethread
10:24
snow i think we will prob hear back from kent the week of dec 1st
10:24
Past 10am and ....nothing
JumpySubsequentDolphin
10:24
I think UCLA a wave today no?
babycat
10:24
🚑
What time have UCLA waves been at
Dkk
10:24
It's only 7:24 AM. We on the west coast control the time.
thismanatemyson
10:25
UCLA please save me
triplethread
10:25
snow if i dont get invited for an honors college interview i might freak
Dkk
10:25
11:22:24 AM PST, wave will come.
triplethread
10:26
dkk are u a boy or a girl
Dkk
10:26
Wizard 101 told me I was a boy wizard.
triplethread
10:26
ok
BulbasaurNoLikeCardio
10:26
I am thinking it will be slower/quitter until after thanksgiving
snow
10:27
thread im like 90% sure im getting an R, but ive come to peace that this might be my unreasonable R for the cycle
triplethread
10:27
but snow we have the same stats. you'll be fine. i promise. if im this confident you should be too
Dkk
10:27
Only tiktok I will share cus I stay off that site.
I am sorry if you like it, but TikTok is fucking awful
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