Can premiums on whole life insurance policies be adjusted?

Whole life insurance policies are designed to provide coverage for the insured's entire life, and one of the key characteristics of these policies is that the premiums are typically fixed for the life of the policy. This means that the premium amount does not change over time, regardless of changes in the policyholder’s health or financial circumstances. This stability is one of the benefits of whole life insurance, as it allows policyholders to budget for their insurance costs without worrying about fluctuations.

Adjustable premiums are more commonly associated with other types of life insurance products, such as universal life insurance, where premiums can be varied within certain limits. In contrast, the fixed nature of premiums in whole life policies provides certainty and a sense of security for policyholders, ensuring that their coverage remains in force without unexpected financial burdens.

Thus, the correct choice accurately reflects the fundamental principle of whole life insurance regarding its premium structure.