Flexible premiums refer to the policyholder's ability to adjust the amount and frequency of their premium payments within certain limits. This flexibility allows the policyholder to contribute more or less funds based on their financial situation at any given time, without jeopardising the status of the policy.
Flexible premiums refer to the policyholder's ability to adjust the amount and frequency of their premium payments within certain limits. This flexibility allows the policyholder to contribute more or less funds based on their financial situation at any given time, without jeopardising the status of the policy.
Premium payments made in excess of the policy's cost of insurance and administrative fees can potentially accumulate value through interest credits linked to a chosen market index, such as the S&P 500.
This feature distinguishes IUL policies from traditional life insurance products, which typically require fixed and regular premium payments.
Flexible premiums refer to the policyholder's ability to adjust the amount and frequency of their premium payments within certain limits. This flexibility allows the policyholder to contribute more or less funds based on their financial situation at any given time, without jeopardising the status of the policy.
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