Adjusted Premium Method

There's a concept in insurance accounting known as "cash surrender value." This sounds like a question you have to answer in a police interview after being mugged (in this context, Batman's dad did a bad job computing cash surrender value). But, in fact, it represents the amount a company has to pay out if a customer ends their policy early, either before an annuity matures or before the insurer has to use their insurance.

The adjusted premium method is used to calculate the cash surrender value of a policy, specifically of a life insurance one. The details get complicated, but just to encourage you to go into any other profession besides insurance accounting: it involves figuring out the first-year expense allowance, then the adjusted premium for the policy, then finally the cash surrender value.