What Is Adjustable Life Insurance at Life

What Is Adjustable Life Insurance. It provides coverage for your entire life, like a whole life insurance plan, but it also has some of the flexibility that term life insurance typically provides. What makes adjustable life insurance unique is that it can be changed throughout the policy’s lifetime without having to cancel one policy and select another.

Dec 11, 2020 — adjustable life insurance is a hybrid policy that combines characteristics from term life and whole life insurance. What is adjustable life insurance? Whole life insurance is when the death benefit is paid at the time of death, regardless of when death.

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The term adjustable refers to the way that your insurance policy can be modified over time. 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. Term life insurance is when the death benefit is paid at the time of death if death occurs within a certain number of years; The term adjustable refers to the way that your insurance policy can be modified over time.