Adjustable Life Insurance

(redirected from Adjustment Provision)

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.
References in periodicals archive ?
The three investment funds make the case that the so-called performance condition would have also been met under 2004 prices, if an adjustment provision, covering instances when a base rate other than 1993 prices is used, had been correctly applied.
Councillors agreed the annual adjustment provision for Basic and Special Responsibility Allowances be not applied for the year April 1, 2019 to March 31, 2020, meaning that there will be no increase in those allowances in May 2019.
Last year, the commission approved an adjustment provision in the APS rate case.
* It makes Pell Grants, which provide tuition aid for low-income students, available year-round rather than in the fall and spring but it ends the inflation adjustment provision for these grants.
In 2015, 49 percent of deals had a purchase price adjustment provision compared with 43 percent in the previous five years.
In Dykema's most recent 10th annual M&A survey, over half of the respondents stated that the working capital adjustment provision was the subject of increased negotiations in their deals during the past year.
This proposal also includes an annual cost of living inflation adjustment provision, applied to the exception provision, which will commence on November 1, 2013.
Asphalt cost escalator clauses are a price adjustment provision that allow asphalt paving contractors to adjust their construction price based on a fluctuation in liquid asphalt cost.
Because of an adjustment provision in the purchase agreement, the final price was about $400 million higher than the companies had previously estimated.
The shares are subject to a market price adjustment provision that could require a settlement to be made by the company, or to the company, based generally on the volume weighted average trading price of the J.B.
Finally it is necessary that legislation contain an effective border adjustment provision that requires imported energy-intensive goods to bear the same climate policy-related costs as competing U.S.
The Senate bill will be reconciled with the House version, as it did not contain the cost-of-living adjustment provision or the women veterans mental health study, both of which the DAV supports.