Adjustable Premium


Definition of "Adjustable premium"

Tracy Sutton real estate agent
Tracy Sutton, Real Estate Agent Fathom Realty Llc

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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