What flexibility does adjustable life insurance provide policyholders?

Adjustable life insurance offers policyholders significant flexibility, particularly in terms of modifying both the premium and coverage amounts according to their changing needs and financial situations. This means that individuals can increase or decrease their premium payments based on their current budget or adjust the death benefit level in response to life events such as marriage, having children, or changing jobs. The ability to manipulate these terms allows policyholders to tailor their insurance policy to fit their unique circumstances over time, which is a key feature that distinguishes adjustable life insurance from more rigid policy types. This adaptability helps ensure that the insurance coverage remains relevant and affordable as personal situations evolve.