Variable Premium Life Insurance

Definition of "Variable premium life insurance"

Mark Bertini
  Real Living at Home Real Estate

Policy that allows premium payments to vary, within certain limits, at the option of the policyholder. In return, the death benefit and rate of cash value accumulation vary with the premium payments, universal life insurance is the most common type of policy offering variable premiums.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ