Final answer:
It's false that converting from a whole life policy to a term policy involves an adjustable life feature, as these are different types of policies with distinct characteristics.
Step-by-step explanation:
The statement is false. When converting from a whole life insurance policy to a term policy, it does not involve an adjustable life feature. Typically, whole life insurance offers a death benefit and also accumulates cash value over time.
A term policy, on the other hand, provides coverage for a set period and does not typically include a cash value component. Adjustable life insurance, however, is a policy that permits certain elements such as the death benefit, premiums, and duration of coverage to be adjusted over the course of the policy's life. The term 'adjustable life' is more associated with a type of permanent insurance, not term insurance.