Generally
applicable to current assumption policies such as equity indexed, variable and universal life, cost
of insurance charges are monthly charges for mortality and other
elements of insurer expense that are assessed against the policy based on the insured's current age, the original rate class, and the current net amount at risk.
PITI: Principal, Interest, Taxes, and
Insurance - the four elements of a monthly mortgage payment; payments of principal and interest go directly towards repaying the loan while the portion that covers taxes and insurance (homeowner's and mortgage, if applicable) goes into an escrow account to cover the fees when they
Insurance - the four
elements of a monthly mortgage payment; payments
of principal and interest go directly towards repaying the loan while the portion that covers taxes and
insurance (homeowner's and mortgage, if applicable) goes into an escrow account to cover the fees when they
insurance (homeowner's and mortgage, if
applicable) goes into an escrow account to cover the fees when they are due.