Primerica Life Producer Exam Practice Test 2025 – Complete Prep Resource

Question: 1 / 400

What change can policyholders typically make with adjustable life insurance?

They can only change the beneficiaries of the policy

They can increase or decrease their premium and coverage amount

Policyholders with adjustable life insurance have the flexibility to tailor their policy according to their financial needs and situations. This type of insurance allows them to increase or decrease both the premium payments and the coverage amount as their circumstances change. For example, if a policyholder experiences an increase in income or a change in financial obligations, they may choose to increase their coverage for added security. Conversely, if they take on new financial responsibilities, they may lower their premiums while still maintaining necessary coverage.

This adaptability makes adjustable life insurance an appealing option for many people as it provides the ability to respond to life changes, unlike more rigid policies that do not allow for such adjustments. This flexibility is a key defining characteristic of adjustable life insurance, distinguishing it from fixed policies that do not offer these options.

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They can convert the policy to a whole life policy only

They are unable to make any changes once purchased

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