net investment income

  • Life insurance company income after deducting investment expenses fairly charged to investment income and after deducting a portion of investment income that is applicable to the policyholder reserve. Another name for net investment income is "free" investment income.

    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).