MLchartDataset catalogue

Variable premium life insurance

Term · Insurance and risk management · MLC-T-INS-003468

A type of life insurance policy where the insurer can adjust the premium payments based on factors such as claims experience, investment returns, and administrative costs. This contrasts with fixed-premium policies where payments remain constant throughout the policy's term. Policyholders receive notice of premium changes, which can lead to higher or lower payments over time.

Table 1. Record
IdentifierMLC-T-INS-003468
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003468",
  "term": "Variable premium life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of life insurance policy where the insurer can adjust the premium payments based on factors such as claims experience, investment returns, and administrative costs. This contrasts with fixed-premium policies where payments remain constant throughout the policy's term. Policyholders receive notice of premium changes, which can lead to higher or lower payments over time.",
  "url": "https://mlchart.com/terminology/insurance/variable-premium-life-insurance/"
}

Record 3,611 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.