In adjustable life insurance, what is required if the insured wants to increase their death benefit?

In adjustable life insurance, an increase in the death benefit typically requires proof of insurability. This means that the insured must provide evidence of their current health status and may need to undergo evaluations or submit medical records to demonstrate that they are still a suitable risk for increased coverage. This requirement helps the insurance company assess the new level of risk before allowing the change, ensuring that they can still offer coverage at a sustainable rate.

While some policies may allow for adjustments within certain limits without additional constraints, generally, any significant changes that impact the risk profile, such as increasing the death benefit, will necessitate a review of insurability. This process protects both the insurer and the insured, as it ensures that the policy remains viable and equitable based on current circumstances.