RISK FACTOR
risk factor.Insurance. In life-insurance ratemaking, the estimated cost of present and future
claims, based on a mortality table. • The risk factor is one element that a life insurer uses to
calculate premium rates. See PREMIUM RATE . Cf. INTEREST FACTOR; MORTALITY
FACTOR. [Cases: Insurance 1542.C.J.S. Insurance § 67.] [Blacks Law 8th]