Customizable life insurance is a hybrid of term and whole life insurance that allows policyholders to customize policy features such as protection period, face value, premium, and premium payment period.
Also known as flexible premium life insurance, this policy has a cash value component that increases with the financial performance of the insurer but guarantees a minimum interest rate.
Universal Life is a form of whole life insurance that offers policyholders flexibility in premium payments, a cash savings component, and a death benefit.
variable universal life insurance products offer the same investment opportunities and more. These life insurance policies allow flexible premiums and flexible death benefits as well as cash value investments.
Learn more about flexible premium here
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