MLchartDataset catalogue

Whole life insurance

Term · Law · MLC-T-LAW-005227

A type of permanent life insurance that provides coverage for the entire life of the insured, as long as premiums are paid. It includes a savings component, known as cash value, which grows over time on a tax-deferred basis. Policyholders can borrow against the cash value or surrender the policy for its cash value.

Table 1. Record
IdentifierMLC-T-LAW-005227
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005227",
  "term": "Whole life insurance",
  "field": "Law",
  "definition": "A type of permanent life insurance that provides coverage for the entire life of the insured, as long as premiums are paid. It includes a savings component, known as cash value, which grows over time on a tax-deferred basis. Policyholders can borrow against the cash value or surrender the policy for its cash value.",
  "url": "https://mlchart.com/terminology/law/whole-life-insurance/"
}

Record 5,367 of 5,445 in Law terminology (MLC-0107). Request the full dataset.