MLchartDataset catalogue

Successor life rider

Term · Insurance and risk management · MLC-T-INS-003233

An optional provision in a life insurance policy that allows for a new insured to be designated upon the death of the original insured, without the need for a new policy or underwriting. This rider is commonly used in business succession planning or for policies covering multiple family members. It maintains the policy's in-force status and original terms.

Table 1. Record
IdentifierMLC-T-INS-003233
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003233",
  "term": "Successor life rider",
  "field": "Insurance and risk management",
  "definition": "An optional provision in a life insurance policy that allows for a new insured to be designated upon the death of the original insured, without the need for a new policy or underwriting. This rider is commonly used in business succession planning or for policies covering multiple family members. It maintains the policy's in-force status and original terms.",
  "url": "https://mlchart.com/terminology/insurance/successor-life-rider/"
}

Record 3,357 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.