Cestui que vie
Term · Insurance and risk management · MLC-T-INS-000738
The individual whose life is the measure for the duration of a life insurance or annuity policy. The policy pays out benefits upon the death of this person. The cestui que vie is the subject of the insurance but is not necessarily the policy owner or the beneficiary; for example, a corporation may own a key person policy on an executive, who is the cestui que vie.
| Identifier | MLC-T-INS-000738 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000738",
"term": "Cestui que vie",
"field": "Insurance and risk management",
"definition": "The individual whose life is the measure for the duration of a life insurance or annuity policy. The policy pays out benefits upon the death of this person. The cestui que vie is the subject of the insurance but is not necessarily the policy owner or the beneficiary; for example, a corporation may own a key person policy on an executive, who is the cestui que vie.",
"url": "https://mlchart.com/terminology/insurance/cestui-que-vie/"
}
Record 509 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.