What is a requirement regarding premiums in a single year for whole life assurance?

In the context of whole life assurance, the requirement that premiums cannot be more than double those of any other year is correct because this is designed to provide a level of predictability and affordability for policyholders. Whole life assurance typically involves consistent premium payments throughout the life of the policy, and by capping increases in premiums, it prevents sudden financial burdens on the insured. This structure is crucial for maintaining solvency and ensuring that policyholders can manage their premium payments over time without facing excessive increases that could render the policy unaffordable.

While some policies might have options for continuous premium payments or annual adjustments, they should not fluctuate dramatically within a short time frame, thus ensuring consumers aren't overwhelmed with rising costs. The clarity in premium structure helps policyholders budget accordingly and maintain their policies more easily.