Definition of validating
The validation period is important because it helps the insurer determine the length of time it takes until that policyholder is profitable for the company.
It helps the other person feel that you care about and understand them.
The validation period is the period of time that passes before an insurance product becomes profitable or until the product can start to contribute to surplus. The validation period is the time period that an insurer needs to amortize the expenses associated with establishing a life insurance policy.
The length of the validation period varies with the policy and the associated costs.
This is a form of "artifact or specification validation".
Building the product right implies the use of the Requirements Specification as input for the next phase of the development process, the design process, the output of which is the Design Specification.