MLchartDataset catalogue

Lifetime policy

Term · Insurance and risk management · MLC-T-INS-002011

An insurance contract that remains in force for the entire duration of the insured's life, provided premiums are paid as required. This type of policy does not have an expiration date and guarantees a payout upon the insured's death. Whole life insurance is a common example of a lifetime policy.

Table 1. Record
IdentifierMLC-T-INS-002011
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002011",
  "term": "Lifetime policy",
  "field": "Insurance and risk management",
  "definition": "An insurance contract that remains in force for the entire duration of the insured's life, provided premiums are paid as required. This type of policy does not have an expiration date and guarantees a payout upon the insured's death. Whole life insurance is a common example of a lifetime policy.",
  "url": "https://mlchart.com/terminology/insurance/lifetime-policy/"
}

Record 1,961 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.