The administration of efforts to preserve human life through research, legislation, and appeals to society.
The administration of efforts to preserve human life through research, legislation, and appeals to society.
The difference between the face amount of a Whole Life Insurance contract and the cash value which it has built up. The net amount at risk declines throughout the life of the contract, while the policy reserve increases along with the cash value. It is the amount the insurer would have to draw from its own funds rather than the policy reserve were the contract to become a death claim.