What is Adjustable Premium?
Adjustable Premium can be defined as, Variable premiums are insurance premiums that are not held indefinitely at a fixed price, but may change over the life of the policy. Policyholders want to change their premium based on investment performance, change in housing conditions, desired benefits or other factors. Variable premiums are common in life insurance.
Literal Meanings of Adjustable Premium
Meanings of Adjustable:
Sentences of Adjustable
The car has fully adjustable seats and steering wheel
Synonyms of Adjustable
convertible, versatile, modifiable, alterable, multiway, adaptable, accommodating, variable
Meanings of Premium:
Amount paid for the insurance policy.
Sentences of Premium
Consumers do not like to pay more for organic fruits
Synonyms of Premium
instalment, insurance charge, extra amount, bonus, extra, extra charge, insurance payment, reward, recompense, prize, perk, surcharge, additional payment, remuneration, additional fee, percentage, regular payment