The policyowner of an adjustable life policy wants to increase the death benefit. Which of the following statements is correct regarding this change?

The policyowner of an adjustable life policy wants to increase the death benefit. Which of the following statements is correct regarding this change?


a) The death benefit can be increased only by exchanging the existing policy for a new one.
b) The death benefit can be increased by providing evidence of insurability.
c) The death benefit cannot be increased.
d) The death benefit can be increased only when the policy has developed a cash value.


Answer: b) The death benefit can be increased by providing evidence of insurability.

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