What Does Comparative Interest Rate Method Mean?

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What does Comparative Interest Rate Method mean? Read on to discover the definition & meaning of the term Comparative Interest Rate Method - to help you better understand the language used in insurance policies.

Comparative Interest Rate Method

Comparative Interest Rate Method

The comparative interest rate method is a method of calculating the cost differences between two insurance policies. This method is interest adjusted, meaning, it takes interest costs into consideration. Cost differences between a decreasing term policy with a side fund, and a whole life policy are typically the types of policies that are compared with the comparative interest rate method.

We hope the you have a better understanding of the meaning of Comparative Interest Rate Method.

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