net level annual premium

An amount which, if exacted from a group of policyholders and increased by interest, will yield a sum sufficient to satisfy all death claims. The result is generally referred to as the "net" or "net level premium" of the policy. 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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