Definitions for

**"Cost Index"**See: Interest-Adjusted Net Cost Index.

a number showing the ratio between the price of goods at time 't' and the price of the same at time 't base'

A way to compare the costs of similar plans of life insurance. A policy with a smaller index number is generally a better buy than a comparable policy with a larger index number.

A multiplier used to translate a known historical cost into a current cost estimate.