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All of the following are true regarding adjustable life policies, EXCEPT:
a. An adjustable life policy can be entirely whole or term, or a mix of both.
b. If the policyowner decreases the premium, the policy could be adjusted to have more term coverage.
c. When the premium is decreased, the insured is not required to provide evidence of insurability.
d. When the face amount is increased, the insured is required to provide evidence of insurability.
Answer: c. When the premium is decreased, the insured is not required to provide evidence of insurability.
The above question All of the following are true regarding adjustable life policies, EXCEPT:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
