What happens if the policyowner of an Adjustable Life policy increases premium payments?

In an Adjustable Life policy, increasing premium payments allows the policyowner to adjust various characteristics of the policy, including the face amount. When premium payments are increased, the policy can provide greater flexibility and more options regarding the coverage amount and cash value accumulation.

Specifically, by increasing the premiums, the policyholder may benefit from an enhanced cash value and a higher death benefit, often without the need for additional proof of insurability. This means that the policy can adapt to the policyowner's evolving needs without requiring them to undergo medical underwriting. Hence, the ability to have a higher face amount without the need for proof of insurability directly links to the increased premium payments, making this choice accurate.

The other options do not directly relate to the implications of increasing premium payments in an Adjustable Life policy in the same way. They touch on aspects that might not occur as a result of changing premium payments, like non-forfeiture options or interest rates, which depend more on the insurance company's policies and the overall structure of the plan rather than just premium amounts.