Explore commonly used personal finance terms.
Adjustable life insurance allows policyholders to modify aspects like premium payments, death benefits, and cash value over time, making it adaptable to changing financial needs. It provides flexibility compared to whole life insurance but requires policyholders to manage changes carefully. Adjusting these factors may impact the policy’s performance and cash value growth, making it a suitable option for those seeking a customizable life insurance solution that can evolve with life circumstances.
