These three pricing components will vary depending upon what group of buyers the policy is being priced for.
Products priced for individual buyers ("retail pricing") have the highest COI charges and expenses.
Products priced for institutional markets ("institutional pricing") have lower expenses than products for individual buyers.
Products priced for qualified pools with superior claims experience ("experience-rated pricing") offer the same advantage of lower expenses as institutional pricing, but also have lower COI charges than retail and institutional products.
For help in determining the appropriateness of a given inforce or proposed life insurance policy, use the Confidential Policy Evaluator (CPE) to compare it to TIA Benchmarks. When you find an inforce or proposed policy that does not compare favorably to TIA Benchmarks, contact us for the name of a licensed Insurance Banking Center near you who can help research "Best of Breed" policies from among roughly 500 insurance companies in our database. Or, click here to go directly to the Policy Pricing Calculator (PPC).
Returning users may click here to go directly to the Policy Pricing Calculator (PPC)