Money set aside to fund future benefit payouts
It is your total premium paid.
There are several meanings and ways in which the word gross can be used. The link below gives the best explanation.
Gross Premium is the Total premium indicated to be charged.
Gross Foreign Assets of the CBA ross foreign assets of the CBA are defined based on residency criteria. All the CBA financial claims on nonresidents are included in gross foreign assets. Unlike...
What is the definition of premium leverage