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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.

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12y ago

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What is Definition of flexible premium life insurance?

should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over


What are the options for voluntary benefits insurance that employees can choose to enroll in?

Voluntary benefits insurance options that employees can choose to enroll in include life insurance, disability insurance, dental insurance, vision insurance, and supplemental health insurance.


Is adjustable life insurance the same as term life insurance?

No. For the most part, any type of adjustable life insurance is usually some type of a permanent plan. Permanent Life Insurance has the cash buildup to provide the ability to purchase additional coverage, known as paid up additions. The only thing that is usually flexible about term life insurance is that you can reduce the face amount if you do not feel that you need that much coverage. There may be a very select few that give you an option to purchase more coverage down the line without underwriting, but they definitely are not the norm.


What are the voluntary insurance benefits offered by this company?

This company offers voluntary insurance benefits such as life insurance, disability insurance, and supplemental health insurance that employees can choose to enroll in.


What is the best reason to choose life insurance over annuities for financial protection?

The best reason to choose life insurance over annuities for financial protection is that life insurance provides a death benefit to your beneficiaries in case of your passing, while annuities primarily focus on providing income during retirement.

Related Questions

What is adjustable whole life insurance?

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.


Where can you find out more about life insurance coverage in Alberta?

To find out more about life insurance in Alberta I would find some local insurance brokers and/or agencies and have them send you information. You can then choose the one that is best for your needs.


What is Definition of flexible premium life insurance?

should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over


Does Johnson Insurance provide life insurance?

Yes, Johnson Insurance provides options for individual life insurance policies. When you first sign-up, you have the option to choose an immediate issue or fully underwritten policy, then later you may choose between a term-life or whole life policy.


Where can you find cheap life insurance in Indiana?

Cheap life insurance can be found easily in Indiana. Gerber, metlife and allstate all offer cheap life insurance policies. Choose term life insurance.


What are the options for voluntary benefits insurance that employees can choose to enroll in?

Voluntary benefits insurance options that employees can choose to enroll in include life insurance, disability insurance, dental insurance, vision insurance, and supplemental health insurance.


What type of life insurance policies are carried by Aetna?

Aetna offers several different types of life insurance policies which would include, basic, supplemental, dependent and accidental death. There is also supplemental accidental death and supplemental dependent life insurance to choose from.


Do actors have life insurance?

Anyone can have life insurance. So actors would have life insurance.


Is adjustable life insurance the same as term life insurance?

No. For the most part, any type of adjustable life insurance is usually some type of a permanent plan. Permanent Life Insurance has the cash buildup to provide the ability to purchase additional coverage, known as paid up additions. The only thing that is usually flexible about term life insurance is that you can reduce the face amount if you do not feel that you need that much coverage. There may be a very select few that give you an option to purchase more coverage down the line without underwriting, but they definitely are not the norm.


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 are the voluntary insurance benefits offered by this company?

This company offers voluntary insurance benefits such as life insurance, disability insurance, and supplemental health insurance that employees can choose to enroll in.


If your boyfriend's dad buys him life insurance does he get the money or can your boyfriend choose?

The Dad is buying life insurance to cover the costs of a funeral and other expenses. Otherwise, why would he buy it? The father has a legitimate reason to insure the individual and the money goes to him.