Changing Needs, Changing Policy

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Permanent Life Insurance and other Life Insurance topics.

What life insurance is best to receive more flexibility?

Changing Needs, Changing Policy

Changing a life insurance policy can cost money, you could lose money, and it can be a complicated process. Fortunately, there are life insurance policies that will change with your changing needs, such as a variable universal life insurance. This is a great option for someone who expects their situation to change over time. For example, a young person can start with a low variable universal life insurance premium & benefit, increases their variable universal life insurance premium & benefit once they have a family, and then decrease their variable universal life insurance premium & benefit again once their children leave the nest.



12/16/2006 3:34:43 PM
John Rosnehim said:

The policy design is only one factor. Others include current or future budget, inflation adjusting the ultimate payout, and having a trusted advisor that knows how to blend your need, and budget into a plan that meshes with your personal, company or family vision.


URL: (optional)


Not finding the advice and tips you need on this Life Insurance Tip Site? Request a Tip Now!

Guru Spotlight
Barbara Gibson