If the insurer's experience improves, what may the owner of an interest-sensitive whole life insurance policy be able to do?

When an insurer's experience improves, it often means that the company has become more profitable or has seen lower claim rates than anticipated. This improved experience can lead to a more favorable financial situation for the insurer, which may, in turn, reflect in the offerings available to policyholders of interest-sensitive whole life insurance policies.

Specifically, an owner of such a policy might be able to pay lower premiums for the same benefits. This is typically a result of the insurer's ability to maintain profitability while reducing costs related to claims and administrative expenses. Additionally, better performance may allow the insurer to offer more competitive pricing, which can benefit policyholders by making premiums more affordable without sacrificing coverage quality.

While options like increasing the death benefit or converting to another policy type could be relevant under different circumstances, they are not directly tied to the insurer's improved experience in the same way that premium adjustments might be. Therefore, the ability to potentially lower premiums is the most appropriate outcome related to improved insurer performance in this context.