Adjustable Death Benefit

Adjustable Death Benefit in an IUL policy refers to the flexibility offered to policyholders to increase or decrease the amount of the death benefit, subject to certain limits and underwriting criteria. This allows the policyholder to adapt their coverage based on changing financial needs and circumstances throughout their life. In IUL policies, adjustments to the death benefit may also impact the policy's premiums, cash value accumulation, and other policy components.

Note: While the Adjustable Death Benefit provides flexibility, policyholders must be cautious when adjusting the death benefit, as increasing the amount may require additional underwriting, and decreasing it can affect the policy's cash surrender value and potential policy loans.