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Which statement about an adjustable life insurance policy is true?

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Which statement about an adjustable life insurance policy is true?

A.

Evidence of insurability may be required when the amount of insurance is increased

B.

It is a form of variable annuity

C.

It is most appropriate for people who are over age 50

D.

The plan of coverage may be changed only if the new form of coverage has a lower premium

Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance View All Questions

Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance Summary

  • Vendor: Insurance Licensing
  • Product: Virginia-Life-Annuities-and-Health-Insurance
  • Update on: Jan 9, 2026
  • Questions: 150
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