MLchartDataset catalogue

Convertible

Term · Insurance and risk management · MLC-T-INS-000974

Describing an insurance policy or financial instrument that can be exchanged for another type of policy or instrument under specified conditions. For example, a convertible term life insurance policy allows the policyholder to convert it into a permanent life insurance policy without requiring new evidence of insurability. This feature provides flexibility for policyholders as their needs change.

Table 1. Record
IdentifierMLC-T-INS-000974
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000974",
  "term": "Convertible",
  "field": "Insurance and risk management",
  "definition": "Describing an insurance policy or financial instrument that can be exchanged for another type of policy or instrument under specified conditions. For example, a convertible term life insurance policy allows the policyholder to convert it into a permanent life insurance policy without requiring new evidence of insurability. This feature provides flexibility for policyholders as their needs change.",
  "url": "https://mlchart.com/terminology/insurance/convertible/"
}

Record 789 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.