Limited life insurance policy
Term · Insurance and risk management · MLC-T-INS-002019
A life insurance policy that provides coverage for a specific, restricted period or under certain conditions, rather than for the insured's entire life. This can refer to term life insurance, which covers a set number of years, or policies with specific exclusions or reduced benefits. It contrasts with whole life or universal life policies.
| Identifier | MLC-T-INS-002019 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002019",
"term": "Limited life insurance policy",
"field": "Insurance and risk management",
"definition": "A life insurance policy that provides coverage for a specific, restricted period or under certain conditions, rather than for the insured's entire life. This can refer to term life insurance, which covers a set number of years, or policies with specific exclusions or reduced benefits. It contrasts with whole life or universal life policies.",
"url": "https://mlchart.com/terminology/insurance/limited-life-insurance-policy/"
}
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