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Home Term Insurance Definitions variable premium life insurance

variable premium life insurance

Variable premium life insurance refers to a life insurance policy that allows the insured to vary the premium payments subject to certain limitations.

variable premium life insurance

Variable premium life insurance refers to a life insurance policy that allows the insured to vary the premium payments subject to certain limitations.

Additional Information

The policy benefits and cash value vary with the premium payments. The most common form of variable premium life insurance is universal life insurance.

Synonyms

Variable Life Insurance

Related Terms