LOMA Glossary

The LOMA Glossary of Insurance and Financial Services Terms

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yearly renewable term (YRT) insurance. A plan of term life insurance that provides coverage for one year and is renewable for a stated number of years. Also known as annually renewable term insurance.

yearly renewable term (YRT) reinsurance. A type of reinsurance that is used to reinsure only the mortality portion of a life insurance risk.

yield to maturity. The rate of return a bondholder will earn if he holds a bond until maturity.

YRT insurance. See yearly renewable term insurance.

YRT reinsurance. See yearly renewable term reinsurance.

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