Adjustable Premium


Definition of "Adjustable premium"

Pat Cunningham real estate agent
Pat Cunningham Coldwell Banker Residential Brokerage

Premium that can vary up or down, Some life insurance policies permit the company to change the premiums after the policy is in force, depending on mortality experience, expenses, and investment returns. If profits are sufficient, premiums can be reduced; if not, they can be raised to specific maximums.

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