Adjustable Life Insurance: Definition, Pros & Cons, vs. Universal

 Adjustable Life Insurance: Definition, Pros & Cons, vs. UniversalAdjustable life insurance is a policy that allows you to change features after signing up, including the premium payment and the death benefit. Also known as universal life, adjustable life policies include an interest-bearing savings component, the “cash value” account, which you can tap into while alive.



Adjustable life insurance policies take more work to plan and manage in exchange for offering much more flexibility versus other options. Here's what to know if you're considering an adjustable life insurance policy.

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