tabular cost of insurance

  • The contribution that must be made by each of those insured in order to make up the full amount of the death claims payable in any year. The word "tabular" means this cost is calculated using the same mortality table and interest rates as used in calculating net premiums and reserves.

    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).