Current assumption whole life insurance

{
  "id": "MLC-T-INS-001051",
  "term": "Current assumption whole life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of permanent life insurance where the premium payments and cash value growth are adjusted periodically based on the insurer's current experience with investment returns, mortality rates, and expenses. Unlike traditional whole life, the policyholder may see changes in premiums or dividends over time. This structure provides flexibility for the insurer to adapt to changing economic conditions.",
  "url": "https://mlchart.com/terminology/insurance/current-assumption-whole-life-insurance/"
}