How frequently can changes be made to an adjustable life insurance policy?

An adjustable life insurance policy is designed to offer flexibility in terms of premium payments, the death benefit amount, and cash value accumulation. This flexibility allows policyholders to make adjustments to their policy based on their changing needs and financial situation.

The correct answer indicates that changes can be made either monthly or yearly, reflecting the adaptability and responsiveness of adjustable life insurance to the policyholder's requirements. This characteristic is integral to the policy, allowing for modifications as often as necessary, whether on a monthly basis or at least once per year.

This range of frequency for making adjustments is essential for individuals whose circumstances may evolve, such as changes in income, family status, or financial goals. By allowing changes at such intervals, adjustable life insurance supports better alignment with the policyholder's current situation and needs.

In contrast, the other options suggest a more limited frequency for making changes, which does not accurately reflect the nature of adjustable life insurance.