And since the products are bought directly from the company, the mortality and expense fees are low, and there is no surrender charge.
What does M&E stand for?
M&E stands for Mortality and Expense (risk)
This definition appears frequently
See other definitions of M&E
- Material and Equipment
- Meals and Entertainment
- Meat and Eggs (diet plan)
- Mechanical & Electrical
- Media & Entertainment
- Meetings and Events
- Metaphysics and Epistemology (philosophy)
- Metcalf & Eddy (Wakefield, Massachusetts environmental consulting firm)
- Monitoring and Evaluation
- Morris & Essex Line (New Jersey Transit commuter rail line)
Samples in periodicals archive:
In addition to a review of the financial performance of the underlying separate accounts, the sites provide information regarding mortality and expense ratios, other insurance expenses, and subaccount asset management fees.
1 Corbett and Nelson (1992) show that mortality and expense charges within universal life insurance policies generally are higher than annual renewable term insurance premiums charged by the same companies.
The second method, called the shadow account method, guarantees that a contract will stay in force as long as the shadow account balance remains positive, where the shadow account is calculated using interest credits and/or mortality and expense charges that are more favorable than those guaranteed in the policy.
These annuity fees, known in the industry as the mortality and expense charge, also might pay for the costs of issuing and administering the product, Lewis said.