What is one characteristic of adjustable whole life insurance?

Adjustable whole life insurance is designed to be flexible and can be tailored to meet the changing financial needs of the policyowner. One of its defining features is the ability to adjust premium payments and death benefits, which allows the policyholder to align their policy with their current financial situation. For example, if the policyholder experiences a change in income, they can increase or decrease their premiums or adjust their death benefit coverage accordingly.

This flexibility makes adjustable whole life insurance particularly appealing for individuals who want to ensure their coverage can adapt over time as their financial circumstances evolve. While it does also offer a cash value component that accumulates over time, the most significant aspect of this product is its adaptability to the owner's financial needs.