Annualized Premium Equivalent
Annual Premium Equivalent (APE) is a commonly used measure of a life insurance company's income. This is the sum of the current annual New Business Bonus plus 10% of the first one-time bonus for a specified .
Literal Meanings of Annualized Premium Equivalent
Annualized:
Meanings of Annualized:
Express (a quantity such as interest, profit, expense, etc.) as if it were real or measured over the course of a year.
Sentences of Annualized
To extrapolate net income for the year, divide net income to date by the number of months completed and multiply by twelve.
Premium:
Meanings of Premium:
Prize or award.
Something is offered at a discounted price as an incentive to buy something else.
A bonus that is paid in addition to the regular payments.
The amount to be paid for insurance.
Unusually high value.
The amount by which the value of a security exceeds its face value.
Superior in superior quality for price or value.
High-end refers to the market segment between mid-range and luxury.
Equivalent:
Meanings of Equivalent:
Anything that is practically the same or the same value, power, etc.
Equivalent weight.
Make the equivalent equal.
Similar or identical value, essentially the same value or security.
Of two sentences that have an equal one-to-one correspondence.
Of the corresponding elements of the equivalence relation.
They have the same ability to combine.
Same area on the map.
Same size, but no size overlap.
Sentences of Equivalent
To burn calories, a 30-minute run is equivalent to two burgers.
A square can correspond to a triangle.
