In life insurance, value of in-force1 is the present value of the profits that will emerge from a block of life insurance policies over time.
The value of in-force business is the present value of expected future earnings on in-force business less the present value cost of holding capital required to support the in-force business.
References
References
- "Life insurers should adopt value of in-force to improve capital position". wtwco.com. Retrieved 31 October 2025.