adjustment provision Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: adjustment provision

adjustment provision

provision in an Adjustable Life Insurance policy that permits the structure of the policy to be changed by: (1) increasing or decreasing the premium; (2) increasing or decreasing the face amount ; (3) lengthening or shortening the period of protection; and (4) lengthening or shortening the period of premium payments.

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