Flexible Premium Adjustable Sample Clauses
The Flexible Premium Adjustable clause allows the policyholder to vary the amount and timing of premium payments within certain limits set by the insurer. In practice, this means the policyholder can increase, decrease, or skip premium payments as long as the policy’s cash value is sufficient to cover ongoing costs, such as insurance charges and administrative fees. This clause provides adaptability to changing financial circumstances, helping policyholders maintain coverage even if their ability to pay premiums fluctuates.
Flexible Premium Adjustable. Variable Life Insurance Policies marketed under the name Flexible Solutions Variable Universal Life (“VUL”).
Flexible Premium Adjustable. Variable Life Insurance Policies marketed under the name Park Avenue Variable Universal Life - Millennium Series ("VUL")*
