Flexible Premium Life Insurance

Definition of "Flexible premium life insurance"

Paul Avratin
Paul Avratin Keller Williams Realty

Policy that has an initial premium with flexible premiums thereafter. Within limits, a policy owner can select both the future amount and frequency of premiums, or can stop and start premium payments at his or her discretion. Lump sum premium payments can be deposited, subject only to federal tax code restrictions.

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