Other Features

These varieties of life insurance can be mixed and matched with any of the standard types of life insurance.  For instance, you might create a participating, adjustable term life insurance policy which covers both you and your spouse.

Participating life insurance

Owners of participating life insurance receive dividends from the insurer.  (term life insurance or whole life insurance)  (click here)

Variable life insurance

The growth of cash value in variable life insurance depends on where the policyholder decides it should be invested.  (whole life insurance or universal life insurance)  (click here)

Adjustable life insurance

Adjustable life insurance permits the policyholder to change the policy’s death benefit.  (term life insurance or whole life insurance)  (click here)

Life insurance for multiple insureds

A single life insurance policy can be used to cover more than one life.  Group life insurance and joint life insurance are two examples.  (click here)