To keep the premium rate level, the premium at the younger ages exceeds the actual cost of protection. (dfs.ny.gov)
According to the Public Policy Institute of California, the total cost of this protection in 2005 - 06 was $ 402 million, or enough «phantom students» to comprise the state's third - largest district. (educationnext.org)
Actuaries typically use this method for calculating the yearly cost of protection of a cash value life insurance policy. (insuranceopedia.com)