Which term is used to describe factors that influence both the length of coverage and cash value in an adjustable life insurance policy?

The term "adjustable factors" aptly describes elements that impact both the duration of coverage and the cash value in an adjustable life insurance policy. This type of policy allows policyholders flexibility in determining their premium payments, coverage amounts, and cash value accumulation. By adjusting these factors, the policyholder can influence how long their insurance lasts and how much cash value the investment builds over time.

The other terms do not accurately capture the essence of the flexibility offered by adjustable life insurance. Fixed components suggest a rigidity that is contrary to the adjustable nature of the policy. Standard metrics imply a uniform approach that would not account for the individual adjustments available to the policyholder. Variable adjustments could be misleading, as it does not specifically denote the dual influence on coverage length and cash value. Understanding the role of adjustable factors is crucial for effectively managing an adjustable life insurance policy.