MLchartDataset catalogue

Jumping juvenile insurance

Term · Insurance and risk management · MLC-T-INS-001943

A type of whole life insurance policy purchased for a child that automatically increases its death benefit at a predetermined age, usually 18 or 21, without requiring additional underwriting. The premium remains level throughout the policy's life, even after the death benefit increases. This policy provides lifelong coverage and builds cash value from an early age.

Table 1. Record
IdentifierMLC-T-INS-001943
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001943",
  "term": "Jumping juvenile insurance",
  "field": "Insurance and risk management",
  "definition": "A type of whole life insurance policy purchased for a child that automatically increases its death benefit at a predetermined age, usually 18 or 21, without requiring additional underwriting. The premium remains level throughout the policy's life, even after the death benefit increases. This policy provides lifelong coverage and builds cash value from an early age.",
  "url": "https://mlchart.com/terminology/insurance/jumping-juvenile-insurance/"
}

Record 1,882 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.