MLchartDataset catalogue

Straight life policy

Term · Insurance and risk management · MLC-T-INS-003202

A whole life insurance contract requiring premium payments for the entire duration of the insured's life, maintaining a level death benefit. The policy accumulates cash value over time, which the policyholder can access through loans or withdrawals. Premiums remain constant from the policy's inception until the insured's death or policy surrender.

Table 1. Record
IdentifierMLC-T-INS-003202
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003202",
  "term": "Straight life policy",
  "field": "Insurance and risk management",
  "definition": "A whole life insurance contract requiring premium payments for the entire duration of the insured's life, maintaining a level death benefit. The policy accumulates cash value over time, which the policyholder can access through loans or withdrawals. Premiums remain constant from the policy's inception until the insured's death or policy surrender.",
  "url": "https://mlchart.com/terminology/insurance/straight-life-policy/"
}

Record 3,274 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.