What does Adjustable Life Insurance mean? Read on to discover the definition & meaning of the term Adjustable Life Insurance - to help you better understand the language used in insurance policies.
Adjustable Life Insurance
Combines features of both term and whole life coverage with the length of coverage and amount of accumulated cash value as the adjustable factors. Premiums may be increased or decreased to fit the specific needs. Such adjustments are not retroactive and apply only to the future.
We hope the you have a better understanding of the meaning of Adjustable Life Insurance.