| WORD | DESCRIPTION |
| Maturity Date | The date designated as the date when the policy matures or the date when the policyholder dies. |
| Medical Expenses | Reasonable charges for medical, surgical, x-ray, dental, ambulance, hospital, professional nursing, prosthetic devices, and funeral expenses. (the insurance company defines what is reasonable.) |
| Medical | A document completed by a physician or another approved examiner and submitted to an insurer to supply medical evidence of insurability (or lack of insurability) or in relation to a claim. |
| Misrepresentation | Act of making, issuing, circulating or causing to be issued or circulated an estimate, an illustration, a circular or a statement of any kind that does not represent the correct policy terms, dividends or share of surplus or the name or title for any policy or a class of policy that does not in fact reflect its true nature. |
| Modified Premium Policy | (see graded premium policy) |
| Mortality Charge | The charge for the element of pure insurance protection in the life insurance policy. |
| Mortality Cost | The first factor considered in life insurance premium rates. Insurers have an idea of the probability that any person will die at any particular age; this is the information shown in a mortality table. |
| Mortality Rate | The number of deaths in a group of people, usually expressed as deaths per thousand. |
| Mortality Table | A table showing the incidence of death at specified ages. |
