A non-participating whole or permanent life insurance policy where the premium
can adjust up and down during the policy term. The premium under an
indeterminate premium life insurance policy reflects the insurance
company's mortality experience, investment returns, and expenses. If these
three elements are more profitable than had been loaded for in the initial
premiums, future premiums will be reduced; if they are less profitable, they
will be increased but not beyond a guaranteed maximum. The premiums for this
type of whole life policy are usually lower than most other whole life
policies. The indeterminate premium payments include the cash value amount and
the face value.