What Is Adjustable Life Insurance? 
I ca n't say I have heard of Adjustable Life Insurance however I think you might be referring to Flexible Premium Life Insurance . All this means is that within your life insurance contract , a permanent plan , you can `` adjust '' the premium , increase/lower the death benefit and may be able to remove some riders as needed . A `` Fixed '' plan means you are locked in , generally speaking . I would have to see what you are referencing in order to confirm or change my answer . 