In an adjustable life policy, which of the following is NOT adjustable by the policyholder?

In an adjustable life insurance policy, the flexibility offered to the policyholder allows for various aspects of the policy to be modified according to their needs. The policyholder can adjust the premium amount based on their financial situation, alter the death benefit according to their coverage requirements, and select a payment frequency that aligns with their budgeting preferences.

However, the interest rate is typically determined by the insurance company and is often influenced by broader economic factors or the terms set forth in the policy contract. Therefore, the policyholder does not have the ability to adjust the interest rate directly. This distinction is important because it reflects the controlled parameters of the policy as determined by the insurer, which does not grant policyholders the same level of flexibility as they have with the other aspects of the adjustable life insurance policy.