Life insurance for which the policyholder can change the details of the plan, including the face amount, premium, and coverage period.
See universal life insurance.
A type of life insurance which permits the policy owner to change protection from term life insurance to whole life insurance and back, increase or decrease the amount of the coverage, and raise or lower the premium. Conceptually, the desired premium level and face amount determine the type of coverage and guarantee period.
A life insurance contract designed specifically to allow the policyowner to alter the policy's plan by changing the amount of the coverage or the amount of the premium. The insurer calculates the specific plan of insurance that can be provided based on the requested death benefit and premium. Therefore, an adjustable life insurance policy can use insurance plans that range from a term insurance policy of short duration to a limited-payment whole life insurance policy.
A facility allowing a life insurance policy-holder to increase or decrease the premium and make changes in the protection period of the insurance plan.
Life insurance on which the insured may raise or lower the face value, lengthen or shorten the protection period, or change the kind of protection as personal circumstances require.
Type of insurance allowing policyholder to change the plan of insurance, change the face amount of policy, premium and he protection period.
A type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium and lengthen or shorten the protection period.
Combines features of both term and whole life coverage and has adjustable lengths of coverage and amounts of accumulated cash value. policyholder can change increase or decrease premiums to fit specific needs, raise or lower the face amount of the policy, and lengthen or shorten the protection period. Such adjustments are not retroactive and apply only to the future.
A type of life insurance that allows you to change your coverage; raise or lower the face amount, increase or decrease the premium, and lengthen or shorten the protection period.
A type of life insurance that allows the owner of a policy to change the plan of insurance, raise or lower the face amount, increase or decrease the premium, and lengthen or shorten the protection period.
This type of permanent insurance allows a policyholder, after the initial payment, to pay premiums at any time, in virtually any amount, subject to certain minimums and maximums.
Life insurance that allows the insured to make changes to the policy, such as raising or lowering the face value, changing the amount of the premium, or adjusting the period of protection and length of the premium payment period.
A form of life insurance which allows changes on a policy's face amount, the amount of premium, period of protection, and the length of the premium payment period. Also known as Flexible Premium Adjustable Life Insurance Policy.
A form of cash value life insurance that allows the policyholder to vary the type of coverage as his/her insurance needs change.
A form of ordinary life insurance which allows the policy owner to change his or her protection from term to whole life and back, raise or lower the amount of the policy, and increase or decrease the premium.
A form of ordinary life insurance which allows the policyowner to change protection from term to whole life and back, raise or lower the amount of the coverage, and increase or decrease the premium. Conceptually, the desired premium level and face amount determine the type of coverage and guarantee period.
A type of insurance that allows the holder to change the terms of the insurance, raise or lower the face value of the policy, increase or decrease the premiums and/or the time period of the policy