Adjustable Life Insurance

Adjustable Life Insurance

A life insurance policy in which the policyholder has the ability to change the death benefit, premium, the term of the policy, or the frequency with which premiums are paid. It should not be confused with an adjustable premium.
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Also by this author: The pros and cons of fixed and indexed annuities 5 FAQs about adjustable life insurance How to manage 11 different life insurance beneficiary issues
Flexible premium adjustable life insurance is the technical name for universal life insurance.
a subsidiary of Securian Financial Group, is offering owners of existing adjustable life insurance policies the opportunity to exchange them for a newer version.
Adjustable life insurance is essentially a traditional fixed premium, fixed benefit policy.
Some of the key considerations with adjustable life insurance include:
Continue reading for 5 frequently asked questions about adjustable life insurance, from the 6th Edition of "The Tools & Techniques of Life Insurance Planning" (2015, The National Underwriter Company).
Versa-Flex V, 2004 - a flexible premium adjustable life insurance product
variable adjustable life insurance and variable annuity
Adjustable life insurance is a "flexible premium" "adjustable death benefit" type of permanent cash value insurance.
In contrast with ordinary level premium, level death benefit policies and similar to universal life, adjustable life insurance gives the policyowner the flexibility to change the plan of insurance.
Note that when policyowners make changes to an adjustable life insurance contract, the guarantee period will also change.
Despite its similarities, do not confuse adjustable life insurance with universal life, which is often called flexible premium adjustable life.
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