mortality charge

Definition of "mortality charge"
  1. A monthly fee from a universal life insurance policy that rises as the policyholder gets older
How to use "mortality charge" in a sentence
  1. Her universal life insurance policy incorporated an increasing mortality charge as she continued to age.
  2. The mortality charge in his insurance policy was one factor considered during financial planning.
  3. With the policyholder's increasing age, the mortality charge on his life insurance policy also increased.

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