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Adjustable whole life insuranceAdjustable whole life insurance allows you to vary your coverage as your insurance needs change. You normally choose the face amount you need and the premium you want to pay, and the company calculates a plan that provides coverage for your request. The result could be any plan from a term policy with a short period to a limited-payment whole life policy. You can also choose the type of plan and face value you want, leaving it to the company to calculate the premium rate needed.

Also known as flexible premium adjustable life insurance, adjustable life insurance is recommended for those who want flexibility with their insurance policy along with the cash value benefits and protection. As the family and circumstances change over time, the insurance holder can customize the coverage and modify payments and terms. Along with the investment component of such a policy, other benefits include the ability to modify the term of coverage, increase or decrease the premium rate, change the term of the policy and lower or raise the face amount.

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โˆ™ 2015-07-17 17:49:07
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Q: What is adjustable whole life insurance?
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Related questions

Why would one choose adjustable life insurance?

One would choose adjustable life insurance because it is the most stable and flexible type of life insurance. It can be called as "more for less" because of the features it provides for a less cost.


What is the difference between life insurance and whole life insurance?

The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.


What is another word for whole life insurance?

You can call a whole life insurance policy as a "Non-Endowment Life Insurance Policy".


Where can one compare term life insurance versus whole life insurance?

There are many places where one can compare term life insurance versus whole life insurance. One can compare term life insurance versus whole life insurance at popular on the web sources such as Wealth Pilgrim and MSN Money.


What is the difference between whole and universal life insurance?

Whole life insurance is less flexible then universal life insurance when it comes to premiums and payouts.


What is the difference between term life insurance vs whole life insurance?

A term life insurance is during the insurer's life only. When he or she is gone, then the insurance ends. The whole life insurance on the other hand has what the term life insurance covers plus more.


Where can someone get term or whole life insurance?

One can get term or whole life insurance through various insurance agencies. Some insurance companies that provide term or whole life insurance include MetLife, AAA, and State Farm.


Where can someone go where whole life insurance is explained?

One of the best companies to approach to have whole life Insurance explained is Swinton Insurance. They have offices in many locations and are experts in all aspects of whole life Insurance. Alternatively you could contact Sainsburys or Tesco's who both deal in whole life insurance.


Where can one get whole life insurance?

New York Life if one reputable company which offers whole life insurance. You can apply and receive quotes for whole life insurance policies online or by contacting a representative.


Is life insurance an asset?

Only whole life insurance,not term life.


How can one define whole life insurance?

Whole life insurance varies from term life insurance because it is valid for the insured's entire life instead of just for a specified amount of time. Whole life insurance typically has premiums due each year.


Where can one find an explanation of whole life insurance?

One can find an explanation of whole life insurance at virtually any life insurance company's website or at their company's location. Examples of whole life insurance companies are MetLife, Geico, and Farmers.


What is the definition of the term 'whole life insurance'?

A whole life insurance provides coverage for an individual's whole life. A savings components which builds overtime and can be used for wealth accumulation. Whole life is the most basic form of cash value insurance.


What are the main differences of term life insurance vs whole life insurance?

A life insurance is only good for life coverage, when you die an amount of money is given. Whole life insurance includes investments you have. Such as stock market.


What is the difference between term and whole life insurance if there is any?

The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.


What is the difference between whole life insurance versus term life insurance?

Term life insurance is an insurance that is set for a specific time period, for example, one can obtain term life insurance for 30 years. Whole life insurance covers one from application to death.


What types of insurance is also known as ordinary or straight life insurance?

whole life insurance


Which of these types of insurance is also known as ordinary or straight life insurance?

whole life insurance...


Why is whole life insurance not the best insurance to have?

Whole life insurance is not necessarily bad but it may not be right for you as it can be substantially more expensive than a term insurance. If you need life insurance but don't want to pay the high premiums on whole life insurance ask for term insurance quotes. Whole life insurance is a level premium from the time you get the insurance until you die which is good if you have an estate that will need liquid funds but not necessarily right for someone who is just looking for life insurance until their kids are grown or their mortgage is paid off


What types of Whole Life insurance policies does More Than offer?

There are many insurance companies that offer Whole of Life policies. At the current time More Than do not offer whole of life insurance policies instead they offer term insurance.


Does Gerber offer whole life insurance or only childrens life insurance?

Yes, Gerber offers both children's insurance and whole life insurance policies for the whole family. It only takes a brief application to get a quote right away.


Is permanent life insurance the same as whole life insurance?

Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.


What companies provide whole life insurance?

You have many options when shopping for whole life insurance. Places such a MetLife, Colonial Penn, New York Life, and Guardian all offer whole life insurance with different rates and terms.


What kind of life insurance should you get?

When deciding what type of life insurance to get, someone can choose between term and whole life insurance. Term insurance pays out when a person dies and whole life can be cashed in if you need the money early.


What is the difference between life insurance and term life insurance?

Life insurance is a more general concept that may refer to either whole life insurance or term life insurance. Whole life insurance gathers value the longer you have it, whereas Term life insurance does not obtain any value that you may use before you die. Term life insurance only pays out when you die.