MLchartDataset catalogue

Multiple protection insurance

Term · Insurance and risk management · MLC-T-INS-002255

A type of life insurance policy that combines whole life insurance with decreasing term insurance. It provides a higher death benefit during the early years of the policy, which then reduces over time as the term portion expires. This structure offers increased protection when financial obligations, such as a mortgage, are highest.

Table 1. Record
IdentifierMLC-T-INS-002255
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002255",
  "term": "Multiple protection insurance",
  "field": "Insurance and risk management",
  "definition": "A type of life insurance policy that combines whole life insurance with decreasing term insurance. It provides a higher death benefit during the early years of the policy, which then reduces over time as the term portion expires. This structure offers increased protection when financial obligations, such as a mortgage, are highest.",
  "url": "https://mlchart.com/terminology/insurance/multiple-protection-insurance/"
}

Record 2,244 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.