Interest-sensitive life insurance
Term · Insurance and risk management · MLC-T-INS-001889
A type of permanent life insurance policy where the cash value growth and sometimes the premium payments are directly linked to current interest rates. The policy's performance can fluctuate based on market conditions, offering potential for higher returns than traditional whole life policies. Universal life insurance is a common example of an interest-sensitive product.
| Identifier | MLC-T-INS-001889 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001889",
"term": "Interest-sensitive life insurance",
"field": "Insurance and risk management",
"definition": "A type of permanent life insurance policy where the cash value growth and sometimes the premium payments are directly linked to current interest rates. The policy's performance can fluctuate based on market conditions, offering potential for higher returns than traditional whole life policies. Universal life insurance is a common example of an interest-sensitive product.",
"url": "https://mlchart.com/terminology/insurance/interest-sensitive-life-insurance/"
}
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