Which of the following is not a change that a policyowner can make to an adjustable life policy?
Which of the following is not a change that a policyowner can make to an adjustable life policy?
The correct answer is: The death benefit is the policy face amount or policy cash value, but not both. An adjustable life policy allows the policyowner to make all of the following changes, EXCEPT: Only variable life policies allow policyowner’s to invest premiums in the insurer’s separate account.
