MLchartDataset catalogue

Term life insurance

Term · Law · MLC-T-LAW-004881

A type of life insurance policy that provides coverage for a specific period, or 'term,' such as 10, 20, or 30 years. If the insured person dies within the specified term, the policy pays a death benefit to the beneficiaries. Unlike whole life insurance, it does not accumulate cash value and premiums generally remain level for the term.

Table 1. Record
IdentifierMLC-T-LAW-004881
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004881",
  "term": "Term life insurance",
  "field": "Law",
  "definition": "A type of life insurance policy that provides coverage for a specific period, or 'term,' such as 10, 20, or 30 years. If the insured person dies within the specified term, the policy pays a death benefit to the beneficiaries. Unlike whole life insurance, it does not accumulate cash value and premiums generally remain level for the term.",
  "url": "https://mlchart.com/terminology/law/term-life-insurance/"
}

Record 4,985 of 5,445 in Law terminology (MLC-0107). Request the full dataset.