Which of the following is NOT a valid option for an Adjustable Life Policy?

• A. A rider that provides accidental death benefit can be added
• B. A nonforfeiture option can be used to increase the death benefit
• C. Cash value can be borrowed against
• D. The policy may be convertible to term insurance

Answer: (B)

In an Adjustable Life Policy, you have flexibility in premiums and death benefit, and you build cash value that you can access. The features you can typically use include adding riders like an accidental death benefit, borrowing against the cash value, and even converting the policy to term insurance if the product allows it. These are all standard ways the policy is designed to work: you can tailor coverage and still rely on the cash value component.

Nonforfeiture options are about what happens if you stop paying premiums. They let you access or apply the cash value in certain ways—such as surrendering the policy, using the cash value to purchase a paid-up policy, or terms related to reduced or extended coverage. They do not increase the death benefit. Therefore, the idea that a nonforfeiture option can be used to raise the death benefit isn’t correct.