MLchartDataset catalogue

Single premium variable life insurance policy

Term · Insurance and risk management · MLC-T-INS-003092

A life insurance contract funded by a single upfront payment, where the policy's cash value is invested in a selection of sub-accounts chosen by the policyholder. The death benefit and cash value fluctuate based on the performance of these underlying investments. This policy carries investment risk for the policyholder.

Table 1. Record
IdentifierMLC-T-INS-003092
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003092",
  "term": "Single premium variable life insurance policy",
  "field": "Insurance and risk management",
  "definition": "A life insurance contract funded by a single upfront payment, where the policy's cash value is invested in a selection of sub-accounts chosen by the policyholder. The death benefit and cash value fluctuate based on the performance of these underlying investments. This policy carries investment risk for the policyholder.",
  "url": "https://mlchart.com/terminology/insurance/single-premium-variable-life-insurance-policy/"
}

Record 3,190 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.