Adjustable life insurance

The face amount and premium of a typical life insurance policy are fixed immovably at the time the contract is put in force, but with adjustable life insurance, a policyholder can change his or her policy’s face amount at any time.  Because the policy’s premiums are a product of its face amount, changing the face amount allows the policyholder to control the size of the premiums.

As is reasonable, an insurer may refuse an increase in a policy’s face value (see: “Why can't I select any amount of insurance I want if I can afford it?”) or require an up-to-date medical evaluation before approving it.

An adjustable life insurance policy may be either term or whole life insurance (see: Adjustable term life insurance and Adjustable whole life insurance).  Universal life insurance already provides the flexibility of adjustable life insurance and more.

Interested in purchasing adjustable life insurance?  Have further questions?  Call 1-800-823-4852 to speak with a courteous life insurance advisor.