What does Actuarial Equivalent mean? Read on to discover the definition & meaning of the term Actuarial Equivalent - to help you better understand the language used in insurance policies.
Actuarial equivalent refers to the way cash payments are measured when they are going to be paid in the future as benefits of a policy. This is done to determine how much premiums to charge. This is also a way of comparing the benefits of two policies.
We hope the you have a better understanding of the meaning of Actuarial Equivalent.