Confused About My Adjustable Life Insurance Policy

Seeking Advice
1

I signed up for an adjustable life insurance policy a few years ago when I first got married. The agent explained it had both life insurance and a savings component, which sounded perfect for our future.

Honestly, though, most of the details went over my head, and I haven’t looked at the policy much since. Now that we’re thinking about starting a family, I’m wondering if I should adjust anything on the policy. Can I change how much I pay each month? Should I increase the death benefit? Is there anything else I should be thinking about?

2

You can usually tweak your monthly payments, and bumping up the death benefit could be smart with a kiddo on the way. Check if the savings component is growing as expected. I once adjusted mine and it gave me peace of mind. Maybe chat with your agent for the nitty-gritty. :blush:

3

Howdy mates,
how can I change the amount my death benefit is worth?
Can I forgo paying a premium?
If I take out a loan against the cash worth, what happens to it?
Do I need adjustable life insurance?