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3 Cards in this Set
- Front
- Back
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Adjustable Life |
Key Features: Can be Term or Whole life. Can convert Premium: increased/decreased by policy owners Face Amount: flexible, set by policy Owner with POI Cash Value: fixed rate of return Policy loans: can borrow |
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Universal Life |
Key Features: Permanent insurance with renewable term protection Premium: flexible, min or target Face Amount: flexible set by owner with POI Cash Value: Guaranteed at a minimum level Policy Loans: can borrow |
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Variable Life |
Key Features: Permanent insurance Premium: fixed if whole life, flexible is universal Face Amount: can increase or decrease to a stated min. Cash Value: not guaranteed Policy loans: can borrow |
