All of these are valid options for an Adjustable Life Policy EXCEPT

• A. Nonforfeiture option can be used to increase the death benefit
• B. Increasing the death benefit
• C. Flexible premium payments
• D. Change the policy's death benefit type

Answer: (A)

In adjustable life, you can tailor the policy over time by increasing the death benefit, switching the death benefit type (for example from level to increasing), and making premium payments more flexible to fit your budget. What you can’t do is use nonforfeiture options to boost the death benefit. Nonforfeiture options relate to what happens if you surrender or lapse the policy; they include taking the cash value, converting to reduced paid-up insurance, or extending term, none of which increases the death benefit while the policy is in force. So the statement about using a nonforfeiture option to increase the death benefit is not valid, making that choice the exception.