MLchartDataset catalogue

Vanishing premium

Term · Insurance and risk management · MLC-T-INS-003465

A marketing concept for certain permanent life insurance policies where policy illustrations suggest that out-of-pocket premium payments will cease after a certain number of years. This occurs when policy dividends or interest earnings are projected to be sufficient to cover future premiums. However, actual performance may vary, potentially requiring continued premium payments.

Table 1. Record
IdentifierMLC-T-INS-003465
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003465",
  "term": "Vanishing premium",
  "field": "Insurance and risk management",
  "definition": "A marketing concept for certain permanent life insurance policies where policy illustrations suggest that out-of-pocket premium payments will cease after a certain number of years. This occurs when policy dividends or interest earnings are projected to be sufficient to cover future premiums. However, actual performance may vary, potentially requiring continued premium payments.",
  "url": "https://mlchart.com/terminology/insurance/vanishing-premium/"
}

Record 3,544 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.