Adjustment Provision


Definition of "Adjustment provision"

Provision in an Adjustable Life Insurance policy that permits the structure of the policy to be changed by:

  1. increasing or decreasing the premium;
  2. increasing or decreasing the face amount;
  3. lengthening or shortening the period of protection;
  4. lengthening or shortening the period of premium payments.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Collateralized Mortgage Obligations (cmos)

Bonds that are secured by mortgage securities classified as either interest only or principal only s ...

Leased Fee Estate

A lease contract to possess a parcel or property for a certain period of time. A leased fee estate i ...

Net Worth

Total assets minus liabilities. It is used by underwriters to evaluate the financial standing of app ...

Uniform Transfers To Minors Act (utma)

Act in which a life insurance company is permitted to transfer the death benefit from the policy to ...

Mortgage Pool

A collection of packaged residential mortgage loans for sale in the secondary mortgage market to inv ...

Obsolescence

A major factor in depreciation resulting from wear and tear from use and natural deterioration thr ...

Related Real Estate FAQ

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties Foreclosure - The Pros and Cons of Buying 7 Things to Consider Before Moving to a New City What Must I Disclose When Selling My Home? Top Five Reasons Your Home Offer was Rejected

FAQ

What is a title search? How Much Income Do I Need ? What are jumbo mortgages? How big is an acre? What is Loan Amortization?