Enter the total premiums paid ($) and the total dividends received ($) into the Calculator. The calculator will evaluate the Net Cost Of Insurance.

## Net Cost Of Insurance Formula

NCOI = TP - DR

Variables:

• NCOI is the Net Cost Of Insurance ($) • TP is the total premiums paid ($)
• DR is the total dividends received ($) To calculate the Net Cost Of Insurance, subtract the total dividends received from the total premiums paid. ## How to Calculate Net Cost Of Insurance? The following steps outline how to calculate the Net Cost Of Insurance. 1. First, determine the total premiums paid ($).
2. Next, determine the total dividends received ($). 3. Next, gather the formula from above = NCOI = TP – DR. 4. Finally, calculate the Net Cost Of Insurance. 5. After inserting the variables and calculating the result, check your answer with the calculator above. Example Problem : Use the following variables as an example problem to test your knowledge. total premiums paid ($) = 50000

total dividends received (\$) = 10000