In the context of life insurance, what does the term "adjustable" imply?

The term "adjustable" in the context of life insurance indicates that policyholders have the flexibility to modify both the premiums and the coverage options as their needs change. This feature allows individuals to increase or decrease their coverage amount and adjust their premium payments accordingly, depending on various life circumstances such as financial status, health needs, or family situation.

Adjustable life insurance plans cater to those who may want to accommodate changes in their life or financial plans without having to purchase a completely new policy. This adaptability is a significant advantage for policyholders, as it enables them to manage their insurance in a way that aligns with their current life stage and financial goals, making it a more personalized and relevant option for long-term planning.