What Is Flexible Premium Adjustable Life Insurance?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaFlexible premium adjustable life is the more antiquated title of universal life. Today, there are four different universal life polices.: current assumption universal life, indexed universal life and variable universal life. These three is feature the flexibility or adjust-ability of premiums and death benefit amounts. Guaranteed universal life, in general terms, does not have this flexible feature based on it's secondary guarantees.Answered on August 15, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Flexible premium adjustable life insurance is another name for Universal Life. The premium is flexible in that you can increase or decrease it as desired. If you increase it, the policy can last longer and/or build up more cash value. If you decrease it, the policy could lapse sooner and/or build up less cash value. It is adjustable in that you can lower the face amount or premium as desired, or dump in a lump sum of money to grow tax deferred.Answered on September 15, 2013flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
