MLchartDataset catalogue

Mortality charge

Term · Law · MLC-T-LAW-003294

A fee deducted from the cash value of a variable life insurance policy to cover the cost of the death benefit. This charge accounts for the risk of the insured dying and is based on actuarial tables and the insured's age and health. It is a component of the overall cost of insurance within such policies.

Table 1. Record
IdentifierMLC-T-LAW-003294
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003294",
  "term": "Mortality charge",
  "field": "Law",
  "definition": "A fee deducted from the cash value of a variable life insurance policy to cover the cost of the death benefit. This charge accounts for the risk of the insured dying and is based on actuarial tables and the insured's age and health. It is a component of the overall cost of insurance within such policies.",
  "url": "https://mlchart.com/terminology/law/mortality-charge/"
}

Record 3,267 of 5,439 in Law terminology (MLC-0107). Request the full dataset.