Adjustable life insurance: Pros and cons
August 30, 2016 by STEPHAN R. LEIMBERG, ROBERT J. DOYLE, JR., KEITH A. BUCK
Adjustable life insurance is a “flexible premium” “adjustable death benefit” type of permanent cash value insurance. It is essentially a hybrid combination of universal life and ordinary level premium participating life insurance.
In contrast with ordinary level premium, level death benefit policies and similar to universal life, adjustable life insurance gives the policyowner the flexibility to change the plan of insurance.
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