MLchartDataset catalogue

Supplementary contract

Term · Insurance and risk management · MLC-T-INS-003244

An agreement between a life insurance company and a beneficiary, or sometimes the policyholder, for the settlement of policy proceeds. Instead of a lump sum payment, the proceeds are held by the insurer and disbursed over time or in a specific manner. This arrangement can involve options such as installment payments, interest income, or life annuities.

Table 1. Record
IdentifierMLC-T-INS-003244
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003244",
  "term": "Supplementary contract",
  "field": "Insurance and risk management",
  "definition": "An agreement between a life insurance company and a beneficiary, or sometimes the policyholder, for the settlement of policy proceeds. Instead of a lump sum payment, the proceeds are held by the insurer and disbursed over time or in a specific manner. This arrangement can involve options such as installment payments, interest income, or life annuities.",
  "url": "https://mlchart.com/terminology/insurance/supplementary-contract/"
}

Record 3,328 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.