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Why didn the billable premium decrease when I processed the coverage decrease on my Universal Life policy?

April 26, 2017billable coverage life policy Premium processed universal

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Why didn the billable premium decrease when I processed the coverage decrease on my Universal Life policy?

1 Answer

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Universal Life products are designed to allow the insured to select the level of premium (subject to minimum and maximum guidelines) you wish to pay. Thus, unless specifically instructed, we will not automatically decrease the billable premium.