3 years ago boss got me a Flexible Premium Indexed Adjustable Life Insurance that he fully funds each year at no cost to me, but I don't totally understand the flex part of it. Obviously the life insurance portion is pretty self explanatory – if you die, there's a payout. But how does the "retirement" portion function? Can include $$ figures if that's helpful. TIA!
Can someone explain Flexible Premium Indexed Adjustable Life Insurance to me in Layman's Terms?
byu/comfycozy333 inpersonalfinance
Posted by comfycozy333
2 Comments
4 qualifying descriptors instantly makes it a bad thing for you
Overly complex and unnecessary…..now, no cost to you makes it forgivable; but it’s not a great thing your boss has done
Your company should have a benefits manager that can explain this to you.