Explore commonly used personal finance terms.
An adjustable life policy is a type of life insurance that allows policyholders to modify the coverage amount, premium payments, or cash value accumulation as their financial needs change. This flexibility makes it suitable for individuals who expect fluctuations in income or expenses over time. While adjustable life insurance offers customization, changes may impact the policy’s value or premiums. Policyholders can adjust benefits to align with long-term goals, providing a more personalized approach to life insurance planning.
