Which of these needs is satisfied by adjustable life insurance? A)insureds need for level premiums

Which of these needs is satisfied by adjustable life insurance?

A)insureds need for level premiums

B)insureds need for flexible premiums

C)insureds need for nonforfeiture options

D)insureds need for level death benefits

Answer. B)insureds need for flexible premiums

Adjustable life coverage, which is otherwise called universal life insurance, is meant to provide the insurer the opportunity of adjusting his/her premiums to a desired extent. Unlike rigid indexed or whole life insurance –in which premiums are fixed— adjustable policies allow the policyholder to pay the amount and time of the premium payments within certain limits. As a result the policy holder s premium can be either increased or decreased depending on the financial circumstances that will enable them to have a greater control. Similarly, there are voluntary firstly insurance policies which are modified over the period of their existence in a manner that they acquire a cash value that can be used to cover the premiums or taken as loan of withdrawal funds that come in handy to accommodate the premium flexibility.