Observers cite several factors: longevity risk, persistently low lapse rates and historically rock-bottom interest rates.
What does LR stand for?
LR stands for Lapse Rate
This definition appears frequently and is found in the following Acronym Finder categories:
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We have 63 other meanings of LR in our Acronym Attic
- Labelled Release
- Labor Recap Report
- Labor Relations
- Labrador Retriever
- Lactated Ringers
- Ladies Representative (colleges of India)
- Lake Rathetear (Everquest)
- Land Rover
- Landing Radar (US NASA)
- Language Resources
Samples in periodicals archive:
There can be a wide range of premium levels and associated shock lapse rate assumptions that produce roughly the same amount of total profit.
The lapse rate is a key operating parameter that reflects both consumer behavior and insurer managerial decisions involving life policies.
It also noted that the industry still faces long-term problems such as high surrender and lapse rates, a shrinking general market for life insurance products and a heavy negative spread burden, and warned that the life insurance market will continue to shrink in both amount insured and premium volume terms even if the nascent economic recovery takes hold.
ABSTRACT We use the cointegration technique to reexamine the contending lapse rate hypotheses: the emergency fund hypothesis and the interest rate hypothesis.
Creating performance measures around customer satisfaction and relative product performance are good leading indicators of policy lapse rates and, hence, lost profits.
Smith said the lapse rate stays low because its salaried agents and advisers do not move to another company and take customers with them.