What is Adjustable Life Insurance?

Changeable life insurance is a type of term insurance. Allows policyholders of a term policy to turn a term policy into a lifetime policy without the need to show a guarantee. Even if the insured's physical condition had deteriorated at the time of the change, the insurance company still allowed the change. The premium of a new life insurance policy cannot be increased based on the increased risk of the insured, but only based on the fact that the age of the insured has increased. Therefore, their premiums are usually slightly higher than non-changeable life insurance premiums. ^[1]