What Exactly Does Adjustable Life Insurance Mean? 
Adjustable life insurance : allows you to adjust the amount of premium you pay and the frequency or length of time you pay it ; enables you to dump in lump sums of premium or take out policy loans ; allows for the adjustment of face amount to suit your needs at any particular time in your life ; and is able to be set up to last a short period of time or for your whole life . Adjustable life insurance , or flexible premium adjustable life insurance , combines features of Term and Whole life . It is most commonly sold as Universal Life Insurance . 