Overview
MCC 5960 covers direct marketing of insurance products including life, health, property, and casualty insurance sold through mail order, telemarketing, and digital channels.
Transaction Profile
Low to mid value, moderate frequency from recurring premiums, card-not-present dominant, recurring billing, annual renewal cycles
Card Network Notes
Standard interchange applies. Recurring billing and credential-on-file rules apply. Clear cancellation processes are essential for chargeback management.
Risk & Compliance
Medium risk. Insurance products involve long-term commitments and complex terms. Cancellation disputes and buyer's remorse drive chargeback exposure. Regulatory compliance requirements are extensive.