Mortality Charge, commonly applicable to life insurance policies such as variable and universal life, is an essential component that policyholders should be aware of. It refers to the cost of insurance charges, which are incurred on a monthly basis to cover the risk of the insured individual passing away during the policy's term.

These charges are calculated based on several factors, including the insured's attained age and the original rating class assigned at the time of policy issuance. The mortality charge ensures that the insurance company can fulfill its promise to pay out the death benefit to the beneficiaries in the event of the policyholder's demise.

In summary, the mortality charge is an essential aspect of life insurance policies, safeguarding the financial security of your loved ones and providing you with peace of mind throughout the coverage period.

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