Premium Flexibility

Premium Flexibility in Indexed Universal Life (IUL) insurance policies is a feature that allows policyholders to adjust their premium payments in terms of amount and frequency within set limits, ensuring the policy remains active. Key aspects:

• Adaptability to Financial Changes: Enables policyholders to align premium payments with their current financial situation.
• Downward Adjustment: In financial setbacks, premiums can be reduced or even skipped if the policy's cash value covers necessary costs.
• Upward Adjustment: Extra funds can be used to increase premiums, potentially enhancing the policy's cash value and death benefit.

Benefit for Policyholders:

• Financial Control: Offers significant control over financial commitments in an IUL policy, catering to varying economic circumstances.

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Understanding Premium Flexibility is crucial for policyholders to effectively manage their IUL policies in line with their financial capacity and goals.