Adjustable Premium

Adjustable Premium

A premium on an insurance policy that the insurer may alter. The premium may go either down or up, at least to a certain, stated limit. The premium may be adjusted depending on a change to the policyholder's life expectancy, the returns on the investments made with the premiums, and other factors.
References in periodicals archive ?
In addition, finite risk products typically allow minimum amounts of true risk transfer to the seller via an adjustable premium mechanism or other loss mitigating features.
The company offers financial service products from traditional whole life, adjustable premium life and term insurance to annuities and other retirement plans.
The policy provides all the flexibility of universal life, including adjustable premiums and death benefits.

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