What is not a characteristic of non-traditional life policies?

Non-traditional life policies are designed to offer policyholders more flexibility and options compared to traditional life insurance policies. One of the defining characteristics of these non-traditional policies is that they generally provide a variety of choices in terms of premium payments, death benefits, and cash value accumulation.

In the context of this question, decreased flexibility in payments does not apply to non-traditional life policies. Instead, these policies tend to allow for variable payment options, meaning that the policyholder can often adjust premium amounts and payment schedules according to their financial circumstances.

The other characteristics listed relate closely to the nature of non-traditional life policies. For instance, interest-sensitive whole life policies incorporate variable interest rates, term insurance components can provide temporary coverage along with permanent features, and variable life options allow for investment choices that can affect the cash value and death benefits. All of these options are indicative of increased flexibility, which separates non-traditional policies from traditional ones. Thus, decreased flexibility in payments is not consistent with the characteristics of non-traditional life policies.