Flexible Premium Adjustable Life at Life

Flexible Premium Adjustable Life. Premiums will continue to be waived until you make a full recovery. Flexible premium adjustable life insurance policies were popular in the 1980s and 1990s, but it is still sold by some companies today.

As the name implies, flexible premium, or adjustable life insurance allows the customer to choose higher or lower premiums at numerous points throughout the policy’s life.these plans also come with a flexible cash value component. It has two sets of rates: These terms mean the same thing in almost all cases.

PPT Session 7 Types of Life Insurance Modified Endowment

Adjustable life insurance is a “flexible premium” “adjustable death benefit” type of permanent cash value insurance. An adjustable life policy is a form of permanent insurance, which is designed to last your entire life as long as premiums are paid into the plan. This means that you may change your premium payment every month, if you want to, and you may adjust your death benefits up or down. This means that you may change your premium payment every month, if you want to, and you may adjust your death benefits up or down.