curtate reserve factors

  • The traditional method of computing reserve factors based upon the following two assumptions:(a) During the premium paying period annual premiums are paid in full at the beginning of the policy year.(b) Death claims are paid at the end of the policy year in which death occurs.

    Internal Revenue Service 1

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