Mortality charge - sustany/dvg GitHub Wiki

A fee, or deduction in monthly payment, that a person holding a life insurance policy must pay to compensate the insurer for any losses resulting from the potential that the holder will suffer an unexpected death. The average fee is about 1.25% per year. The mortality charge, also known as a �cost of insurance� charge (COI) is calculated according to expectations of future mortality. See:�TVPX ARS, Inc. v. Genworth Life and Annuity Ins.

See also:�life insurance.