An ______ ____ _____ requires a policy owner to provide proof of insurability in an adjustable life policy.

• A. decrease premium
• B. increase face amount
• C. convert to term
• D. assign policy

Answer: (B)

In an adjustable life policy, changes that increase the death benefit involve taking on more risk for the insurer, so proof of insurability is required to underwrite the added coverage. An increase in the face amount triggers new health information and underwriting to determine eligibility and the revised premium.

Lowering the premium doesn’t add coverage, so it generally doesn’t require new underwriting. Converting to term is a change in the policy’s form rather than an increase in coverage, and it typically follows its own rules without new proof of insurability. Assigning the policy is simply transferring ownership and doesn’t involve evaluating the insured’s health.