YRT.
See Yearly Renewable Term.
Yearly (or Annual) Renewable Term (YRT).
(1) Term Life Insurance that may be renewed annually without evidence of insurability until some stated age. (2) A form of Life, and sometimes Health, Reinsurance in which the reinsurer assumes only the mortality risk, which is usually calculated as the face amount of reinsurance minus the terminal reserve.
Years Certain Annuity.
See Annuity Certain.
Glossary Of Insurance Terms One stop glossary for general insurance terms ,life insurance terms ,health insurance terms ,auto insurance and property insurance terms.
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Saturday, December 22, 2007Posted by insurance terms
at 12:38 AM |
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