What is a key feature of Adjustable Whole Life Insurance regarding premiums?

Adjustable Whole Life Insurance allows the policyholder to modify their premiums based on their changing financial needs. One of its key features is that while the premiums can be adjusted, they are only guaranteed for a certain number of years. This means that after this period, the insurer may change the premium amount based on various factors, including the policyholder's age or the company's financial situation. This flexibility provides policyholders the opportunity to adapt their payments to align with their financial circumstances over time.

The other options do not accurately capture the nature of Adjustable Whole Life Insurance. For instance, although some policies may guarantee premiums for a lifetime, that characteristic is not a defining feature of adjustable policies. The limitations on adjusting premiums once a year or the premise that premiums will never decrease are also not applicable in this context since this type of policy emphasizes flexibility and adjustment rather than rigid schedules or guarantees.