Family life insurance

Term · Insurance and risk management · MLC-T-INS-001464

A single policy that provides life insurance coverage for multiple members of a family, including a primary breadwinner, a spouse, and children. The primary insured receives a certain amount of coverage, while the spouse and children are covered for smaller, specified amounts. Coverage for children is convertible to a permanent policy without a medical exam upon reaching the age of majority, which is 18 or 21 depending on state law.

Table 1. Record
Identifier	MLC-T-INS-001464
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001464",
  "term": "Family life insurance",
  "field": "Insurance and risk management",
  "definition": "A single policy that provides life insurance coverage for multiple members of a family, including a primary breadwinner, a spouse, and children. The primary insured receives a certain amount of coverage, while the spouse and children are covered for smaller, specified amounts. Coverage for children is convertible to a permanent policy without a medical exam upon reaching the age of majority, which is 18 or 21 depending on state law.",
  "url": "https://mlchart.com/terminology/insurance/family-life-insurance/"
}

Record 1,332 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.