additional reserves

  • Reserves held by life insurance companies in addition to the basic life insurance reserves. They are calculated after basic reserves and are listed as a separate reserve in the annual statement. Examples of additional reserves are: term conversions, immediate payment of death claims, standard reserves, and guarantee of insurability benefits.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).