Policies

Adjustable Life - bonknote.com/adjustable-life/

• Walter L Chapin - Minnesota Mutual
  • 1976 - Toward Adjustable Individual Life Products, Walter L. Chapin, Society of Actuaries - 50p
    • This leads to the second attitude adjustment that is needed.
    • The old distinction between term and permanent is usually not appropriate for an adjustable life policy.
    • In every sense an adjustable life policy should be a permanent policy regardless of what the current static plan may be.
    • Its flexibility means that it can be the only policy a person ever owns even if the initial version corresponds to a ten-year term plan.