Florida Health Insurance Terms:
What is a "Flexible Premium Policy?": A permanent life insurance policy in which you, the policy owner, may vary the amount, or the timing of premium payments.
Flexible life policies include adjustable life, universal life, and variable life insurance. Although each of these has its own unique characteristics and features, the one common factor that they have is flexibility, giving the policy owner numerous options in terms of premiums, face amounts, and investment objectives. He or she can change these components of the policy in response to changing needs and circumstances.
More On Flexible Premiums: Flexible Premiums
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