Premium Rates

Preferred Risk
Preferred risk refers to an insured, or an applicant for insurance, who has a lower expectation of incurring a loss than the standard applicant. For instance, a non-smoker applying for life insurance may receive reduced premium rates due to a longer life expectancy.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.