For which of the following reasons might a policyholder want to switch investment options in a Variable Life insurance policy?

A policyholder might consider switching investment options in a Variable Life insurance policy primarily for diversification purposes and to adjust to market conditions. This is crucial because Variable Life policies often allow policyholders to allocate their cash value among a variety of investment options, such as stocks, bonds, and money market accounts.

By switching investment options, the policyholder can take advantage of market fluctuations, seeking to maximize returns by reallocating funds to better-performing investments or diversifying to reduce risk. This flexibility empowers policyholders to respond proactively to changing market dynamics, ensuring their investments align with their financial goals and risk tolerance.

Although accessibility to lower fees and ensuring the policy remains in force are valid considerations in managing a policy, they don't directly relate to the inherent investment strategy of a Variable Life insurance policy. Adjusting premiums has less relevance as it pertains to an immediate decision about the investment allocation within the policy, which is the primary concern leading to option switching.