Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

natural premium

Read a random definition: swein

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

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
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
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
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
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??
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
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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.