What is the definition of Adjustable Life Insurance?

Adjustable Life Insurance enables the policy owner to avail of different types of insurance throughout the life of the policy. That means that the policy owner does not need to buy new policies, even as his insurance needs change.

Since it is adjustable, not only does the coverage change. The premiums, the plan, the amount of insurance coverage will also change.

The following changes often occur for adjustable life insurance:

1. Face Values changes. When there are changes to the face value, the insured person must provide proof that he is still insurable (particularly if the change is to increase the coverage).  The change in face value will also impact the amount of cash value the policy has.
2. Premium payment changes. The premiums and the number of months or years that these have to be paid will also increase of decrease.

• Competitive State Fund
• Excess and Surplus Lines
• Commission
• Businessowners Policy / BOP
• Employer’s Liability