What Is An Adjustable Life Insurance Policy?

When it comes to life insurance, there are different types of policies that you can choose from. An adjustable life insurance policy is one such policy that offers flexibility in terms of term length, premium schedule, and face amount. In this article, we will explore adjustable life insurance policies and their features.

What Is an Adjustable Life Insurance Policy?

An adjustable life insurance policy is a type of life insurance that offers flexibility in terms of its features. Unlike term life insurance, where you determine the length of the policy upfront, and whole life insurance, where the coverage lasts the entire life of the policyholder, adjustable life insurance policy allows you to make changes to the policy as needed without penalty. You can adjust the term length, premium schedule, and the face amount of the policy.

Features of an Adjustable Life Insurance Policy

An adjustable life insurance policy has three main features that can be adapted as needed without penalty:

Feature Description
Term Length With adjustable life insurance, you can extend or reduce the length of your policy as needed.
Premium Schedule You can customize the premium schedule and pay premiums monthly, quarterly, or annually depending on your needs.
Face Amount You can scale up or scale back the face value of the policy as your financial situation evolves.

Is Adjustable Life Insurance Right for You?

While adjustable life insurance policies offer flexibility, you are only allowed to change your policy within specific parameters. You must request a change to your policy within a certain time frame, and that change must fall within your insurer’s regulations.

At Aflac, we offer term and whole life insurance plans with versatile benefits that may be able to meet your coverage goals. If flexible premium payments are what you are looking for, we also offer final expense whole life insurance with customizable premium schedules. Chatting with an agent can help you explore your options.


An adjustable life insurance policy provides flexibility in terms of term length, premium schedule, and face amount. However, it is important to understand the specific parameters within which you can make changes to your policy. At Aflac, we offer various life insurance options to fit your lifestyle and needs. Contact us today to explore your options.

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