CONTRACT SEGMENTATION METHOD

the actuarial method of dividing the period – from issue to mandatory expiration of a policy – into successive segments. Whereby the length of each segment is defined as the period from the end of the prior segment to the end of the latest policy year (according to a certain relationship). That certain relationship is between:

(i) the guaranteed gross premium; and

(ii) a reference value (which changes each year).

Congratulations! You're now Froogled Up™ on what "Contract Segmentation Method" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com