What Is Flexible Premium Universal Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    All Universal Life Insurance is flexible premium universal life insurance. That is one of the features of universal life, that you can adjust the premium up or down at will. You must be careful when you adjust the premium, though, because that will affect the policy in other ways. E.g. If you increase the premium, your policy may last longer or have more cash value. If you decrease the premium, the opposite can occur. By having the flexibility to change the premium, you can possibly have a policy that you can adjust and use for your entire life.
    Answered on October 8, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>