MLchartDataset catalogue

Interest option

Term · Insurance and risk management · MLC-T-INS-001887

A settlement option in a life insurance policy where the death benefit proceeds are retained by the insurer, and only the interest earned on those proceeds is paid to the beneficiary. The principal sum remains with the insurer until a later date or event. This option provides a steady income stream while preserving the lump sum.

Table 1. Record
IdentifierMLC-T-INS-001887
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001887",
  "term": "Interest option",
  "field": "Insurance and risk management",
  "definition": "A settlement option in a life insurance policy where the death benefit proceeds are retained by the insurer, and only the interest earned on those proceeds is paid to the beneficiary. The principal sum remains with the insurer until a later date or event. This option provides a steady income stream while preserving the lump sum.",
  "url": "https://mlchart.com/terminology/insurance/interest-option/"
}

Record 1,808 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.