Final Answer:
The option that is NOT a valid option for an Adjustable Life Policy is "d) Guaranteed fixed premiums."
Step-by-step explanation:
Adjustable Life Policies offer flexibility in various aspects, allowing policyholders to tailor the policy to their changing needs. Options such as death benefit adjustment, premium payment flexibility, and cash value investment choices are characteristic of Adjustable Life Policies.
However, "Guaranteed fixed premiums" contradicts the adjustable nature of these policies. Adjustable Life Policies are designed to provide flexibility in premium payments, allowing policyholders to adapt to financial changes. The option d) implies a fixed premium, which does not align with the adjustable feature of these policies.
Option D is the answer.
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Complete Question
Which of the following is NOT a valid option for an Adjustable Life Policy?
a) Death benefit adjustment
b) Premium payment flexibility
c) Cash value investment choices
d) Guaranteed fixed premiums"
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