NYLIC STANDARD Meaning and
Definition
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There is no official dictionary definition for "Nylic standard" as it appears to be a term that is either not commonly used or specific to a certain context or industry. However, based on available information, here is a suggested 200-word definition:
The term "Nylic standard" is an industry-specific phrase that is commonly used in the field of insurance and specifically pertains to the evaluation and assessment of life insurance policies. The precise meaning and scope of the term may vary depending on the context, but it generally refers to a set of criteria or guidelines that insurers use to determine the validity and appropriateness of a policy.
The Nylic standard often encompasses several factors, including the overall financial stability of the insured party, any known health risks, age, and budgetary constraints. Insurers typically compare these factors against a pre-established benchmark or set of standards to determine whether a policy meets the Nylic standard. This assessment helps insurance companies evaluate the risk associated with insuring an individual and ensures that the issued policies are fair, sustainable, and economically viable for both the insured and the insurer.
It is worth noting that the specific criteria and thresholds for meeting the Nylic standard may vary between insurance companies, and it is not a universally recognized industry-wide term. Therefore, when encountered, it is advisable to seek clarification from the relevant insurance provider or industry expert for a more precise definition based on the specific context.
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A standard of weight in relation to height and age, adopted by the New York Life Insurance Company.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
Common Misspellings for NYLIC STANDARD
- bylic standard
- mylic standard
- jylic standard
- hylic standard
- ntlic standard
- nglic standard
- nhlic standard
- nulic standard
- n7lic standard
- n6lic standard
- nykic standard
- nypic standard
- nyoic standard
- nyluc standard
- nyljc standard
- nylkc standard
- nyloc standard
- nyl9c standard
- nyl8c standard
- nylix standard
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