What component is NOT typically found in a whole life insurance policy?

Whole life insurance policies are designed to provide lifelong coverage, along with features like guaranteed cash value accumulation and fixed premium payments. One of the hallmark features of whole life insurance is the fixed premium; this means that policyholders pay a consistent premium amount throughout the life of the policy.

Guaranteed cash value accumulation is another fundamental characteristic, as it allows policyholders to build equity in the form of cash value that they can borrow against or withdraw.

Death benefit coverage is inherent in whole life insurance, which guarantees a death benefit to the beneficiaries upon the death of the insured.

In contrast, adjustable premium payments are not a typical feature of whole life insurance. This attribute is more commonly associated with other forms of permanent life insurance, such as universal life insurance, which allows for flexible premium payments that can be adjusted by the policyholder. Therefore, the correct answer points to the absence of adjustable premium payments in a standard whole life insurance policy, clearly differentiating it from policies that offer that flexibility.