Persistency
Percentage of life insurance or other insurance policies remaining in force; percentage of policies that have not lapsed. The higher the percentage, the greater the persistency. Since it is an important measure of a company's retention of its life insurance business, most companies extend every effort to increase persistency.
Popular Insurance Terms
Expenses and taxes incurred by the insurance company resulting from the normal business activities of the company before the due date of the annual statement. ...
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Amount of combustible matter present that can act as a fuel to feed a hostile fire. ...
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Same as term Canadian Institute of Actuaries: ...
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Period of time during which notice of claim and proof of loss must be submitted by the insured or his or her legal representatives. ...
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