Is the premium amount fixed or can it change over time?

The premium amount for Jackson National Life Insurance can change over time. The initial premium is determined based on various factors such as the policyholder's age, health, coverage amount, and the specific policy chosen. This initial premium remains fixed for a specific period, usually the first 10 or 20 years of the policy's term. However, after this initial period, the premium may be subject to adjustments. The premium can increase or decrease depending on factors like changes in the policyholder's age, health, or changes in the cost of providing coverage. These adjustments ensure that the premium reflects the actual risk and cost of providing insurance coverage. Jackson National Life Insurance aims to provide flexible, customized policies that adapt to the changing needs of policyholders.