Adjustable Life Insurance
Adjustable life insurance is also known as "flexible premium adjustable life insurance".
Adjustable life insurance differ from other life insurance products because there is no requirement to cancel or purchase additional policies as holders' circumstances change.
Adjustable life insurance policies are best suited for individuals who want the protection and cash value benefits of whole life insurance along with an increased measure of flexibility. With the ability to modify payments, coverages and terms, holders can customize their coverage as their incomes and family responsiblities grow and change through the years.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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