The mortality and expense charges on a life insurance contract vary by carrier. The exact amount is never disclosed on term and whole life insurance contracts, but can be disclosed on a universal life insurance contract.
These charges can sometimes be explicitly stated as charges, or sometimes are quoted as charges per $1,000 of death benefit coverage.
M & E charges for life insurance stand for Mortality and Expense charges. They are fees that cover various risks and expenses assumed by the insurer. The M & E charge is usually calculated as a percentage of the assets held by the investment funds underlying subaccounts held by the insurance company.
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These charges can sometimes be explicitly stated as charges, or sometimes are quoted as charges per $1,000 of death benefit coverage.