What does Adjustable Premium mean? Read on to discover the definition & meaning of the term Adjustable Premium - to help you better understand the language used in insurance policies.
An adjustable premium is a premium on an insurance policy that does not remain at a fixed price indefinitely but can, rather, be altered throughout the policy life. A policyholder may want to alter their premium based on the performance of investments, changing life circumstances, desired benefits, or other factors. Adjustable premiums are very common in life insurance policies.
We hope the you have a better understanding of the meaning of Adjustable Premium.