MLchartDataset catalogue

Whole life insurance

Term · Insurance and risk management · MLC-T-INS-003535

A type of permanent life insurance that provides coverage for the entire lifetime of the insured, as long as premiums are paid. It features a guaranteed death benefit and a cash value component that grows over time on a tax-deferred basis. Policyholders can typically borrow against or withdraw from the cash value.

Table 1. Record
IdentifierMLC-T-INS-003535
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003535",
  "term": "Whole life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of permanent life insurance that provides coverage for the entire lifetime of the insured, as long as premiums are paid. It features a guaranteed death benefit and a cash value component that grows over time on a tax-deferred basis. Policyholders can typically borrow against or withdraw from the cash value.",
  "url": "https://mlchart.com/terminology/insurance/whole-life-insurance/"
}

Record 3,689 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.