variable life insurance is based on what kind of premium

Modified Life Insurance: An ordinary policy that covers life insurance, but the premiums have been adjusted to lower premiums for the first three to five years. The premiums will increase over time to match a standard policy.

Working with "captive agents" will limit your ability to sell one company. What if you have health problems?

Modified Life Insurance: An ordinary life insurance policy that has premiums adjusted so that premiums are lower for the first 3-5 years than a standard policy. The premiums increase in subsequent years and are more than those of a standard insurance policy.

There are two significant differences between traditional whole-life insurance and modified whole-life insurance:

If a company gives 10% interest and you make $1000 in payments, you'll get $1100 back (except if you die during the waiting period).

The cost of a modified life policy will usually be higher than a traditional life insurance plan after the period of lower premiums has ended.

If you are looking for immediate coverage, you will need to answer some health questions. There are no exceptions.

The company can grant different interest rates. You must note that the interest granted depends on the premiums paid and not the death benefit.

You can rejoice to know that you have the option of a modified plan, no matter your health situation.