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Adjustable Life Insurance. Life auto home health business renter disability commercial auto long term care annuity. Adjustable life insurance plans are permanent policies that contain features of both whole and term insurance.
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Adjustable life insurance is a hybrid of term life and whole life insurance that allows policyholders the option to adjust policy features, including the. You can adjust your policy’s coverage amount, premiums, and premium payment period. Often referred to as a universal life insurance or ul, adjustable life insurance is often described as a hybrid of a term and participating whole life insurance policy.
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These policies allow policyholders the ability to adjust the period of protection, face amount, premiums , and length of the premium payment period. These policies allow policyholders the ability to adjust the period of protection, face amount, premiums , and length of the premium payment period. Adjustable life insurance is a hybrid policy that combines characteristics from term life and whole life insurance. What is adjustable life insurance?