In life insurance, the net amount at risk is the difference between the limit of insurance or face amount of the policy and the reserve or cash value that has accumulated.
An insurer's exposure to financial loss under a given life insurance policy. The difference between the face amount of a life insurance policy—other than a universal life policy—and the policy reserve the insurer has established at the end of any given policy year.
A term which refers to the differences between the face amount of a policy and the reserve or cash value which has been built up under that policy.
In life insurance, it is the difference between the policy face amount and the cash value.
In life insurance, the difference between the face value of a life insurance policy and its cash value (also known as "pure amount of protection").