Pure mortality cost

{
  "id": "MLC-T-INS-003718",
  "term": "Pure mortality cost",
  "field": "Insurance and risk management",
  "definition": "The portion of a life insurance premium specifically allocated to cover the expected cost of death claims for a given group of policyholders. This calculation excludes any expenses, commissions, or profit margins, focusing solely on the statistical probability of death. It forms the baseline for pricing life insurance products before administrative and other charges are added.",
  "url": "https://mlchart.com/terminology/insurance/pure-mortality-cost/"
}