Variable Premium Life Insurance

Definition of "Variable premium life insurance"

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

Paramedical Examination

Medical check of an applicant for life or health insurance by a medical professional who is not a ph ...

100% Loan

A loan with no down payment. ...

Disability Income (di)

Life insurance payment issued after the insured has been disabled for at least six months. One perce ...

Gross Line

Total limit on the amount of coverage an insurer will underwrite on an individual risk. The amount u ...

Employee Health Benefits

Same as term Employee Benefit Insurance Plan: provision by an employer for the economic and social w ...

Functional Modern Or Contemporary House

Home designs developed after World War II incorporating modern technology, materials, and architectu ...

Related Real Estate FAQ

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer Mortgage Loan Types Home Prices - The Extra Costs How Does The Home Loan Underwriting Process Work? Short Sale Homes

FAQ

What is a balloon mortgage? What is a wraparound mortgage? What do I need to know about Individual Health Insurance? What is a credit report? What is a lock in?