net single premium


net single premium
Aggregate of future yearly costs of insurance, severally discounted to age from which computation is made. Magers v. Northwestern Mut. Life Ins. Co., 348 Mo. 96, 152 S.W.2d 148, 152.
Premium which, if exacted from a group of policyholders and immediately invested at the assumed rate of interest, will yield in the aggregate a sum exactly sufficient to pay all death claims as they mature providing the mortality rate is in accord with the table used. Fox v. Mutual Ben. Life Ins. Co., C.C.A.Mo., 107 F.2d 715, 718

Black's law dictionary. . 1990.

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