Question

Sadie is looking at buying an adjustable life policy, which of the following is not a change that she can make to it?

a. Raise or lower the premium
b. Raise or lower the face amount
c. Change the coverage period
d. Change the named insured

Answer 1

Sadie cannot change the named insured on an adjustable life policy.

Step-by-step explanation:

The subject of this question is Business and it is suitable for High School students. Sadie is looking at buying an adjustable life policy and wants to know which of the following changes she cannot make to it. The correct answer is d. Change the named insured. While Sadie can raise or lower the premium, raise or lower the face amount, and change the coverage period, she cannot change the named insured because that would involve transferring the policy to another person.