Life – Flexible Premium Adjustable Life.

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Life – Flexible Premium Adjustable Life. A group life insurance that provides a face amount that is adjustable to the certificate holder and allows the certificate holder to vary the modal premium that is paid or to skip a payment so long as the certificate value is sufficient to keep the certificate in force, and under which separately identified interest credits (other than in connection with dividend accumulation, premium deposit funds or other supplementary accounts) and mortality and expense charges are made to individual certificates while providing minimum guaranteed values. Adjustable CompLife provides death protection as a means to ensure that the lump sum it pays remains consistent. CompLife includes cash value accumulation. With death protection in place, the cash value is adjusted on the fly. The policy has a cash value component that grows with the insurer's financial performance but has a guaranteed minimum interest. Adjustable life insurance can be a good option for people who want the flexibility to adjust their coverage as their needs change. However, it's important to understand the pros and cons of this type of insurance before you buy. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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