What Is Flexible Adjustable Life Insurance?
12689 POINTSview profileTed RatliffOwner, SFS Associates,This is another name for Universal Life. A Universal Life plan has flexible premiums. You can vary the amount you pay in. The more you put in the greater the cash value buildup. The face amount is adjustable. you can vary the face amount by increasing or decreasing without having to purchase a new policy. You can increase the face amount subject to underwriting.Answered on May 21, 2013flag this answer
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateWhat is flexible adjustible life? Another name for universal life. Haven't really heard it in a while but I am sure some companies use that name for universal life, to be different. A universal life policy is flexible as you can choose to pay your premium or not. It is adjustible because you can lower the face amount, change the contribution levels and a few other things. This makes for a really flexible product, which actually has meant more troubles for insured than good old fashion pay your premium each month policies, which chug along.Answered on May 22, 2013+01+1 this answer
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0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaFlexible Adjustable Life Insurance is another name for current assumption universal life (CAUL). The key adjective is “flexible.” At the advent of CAUL, its flexible premium and death benefit was an alternative to the rigidity of participating whole life insurance. Today that flexibility to change the dynamics of premium and death benefit is an attractive feature of CAUL.Answered on May 22, 2013+01+1 this answer 0flag this answerview more answers by David Racich
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