MLchartDataset catalogue

Financed insurance

Term · Insurance and risk management · MLC-T-INS-001498

An arrangement where a policyholder borrows money from a third party or the insurer to pay insurance premiums. This allows individuals or businesses to obtain coverage without immediately paying the full premium amount. The loan is typically secured by the cash value of the policy or other collateral, and interest is charged on the borrowed funds.

Table 1. Record
IdentifierMLC-T-INS-001498
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001498",
  "term": "Financed insurance",
  "field": "Insurance and risk management",
  "definition": "An arrangement where a policyholder borrows money from a third party or the insurer to pay insurance premiums. This allows individuals or businesses to obtain coverage without immediately paying the full premium amount. The loan is typically secured by the cash value of the policy or other collateral, and interest is charged on the borrowed funds.",
  "url": "https://mlchart.com/terminology/insurance/financed-insurance/"
}

Record 1,375 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.