Adjustable Life at Life

Adjustable Life. As adjustable life insurance became more popular and policy designs changed, life insurers started referring to this policy as universal life insurance or flexible. Adjustable life insurance is insurance with an adjustable death benefit that has flexible premium.

In this guide, we’ll outline what adjustable life insurance is, how it works, its advantages and disadvantages, and how it measures up against other types of life insurance. The policy amount will, thus, be changeable from time to time. It is essentially a hybrid combination of.

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Adjustable life insurance, also known as universal life insurance or flexible premium adjustable life insurance, is a type of permanent life insurance that has some of the features of a term life insurance policy. There are so many different types of plans available, and a lot of the terminology can be very confusing if you’re shopping for life insurance for the first time. When the insured passes away, the insurance company makes a payout (also called a death benefit) to the beneficiaries listed in the policy. Adjustable life insurance is a “flexible premium” “adjustable death benefit” type of permanent cash value insurance.