Oklahoma Life Producer Practice Exam 2025 – All-in-One Resource to Master Your Certification

In an adjustable life policy, two important features remain constant: the insured and the premium amount. The insured refers to the person who is covered by the life insurance policy, and this person typically does not change throughout the life of the policy—unless there are specific contractual provisions allowing for such changes.

The premium amount is also a defining characteristic that maintains its consistency in adjustable life policies, especially when it is set at the time of policy purchase. While policyholders can often modify other aspects, such as the death benefit or cash value component, the original insured person and the premium amount remain unchanged, providing stability for the policyholder.

Choosing options that involve the policy amount, plan type, or other features could lead to confusion because those elements are specifically designed to be adjustable as per the policyholder's needs. It is this flexibility that defines adjustable life insurance, allowing the insured to adapt to changing financial situations or family circumstances while still keeping some foundational aspects steady.