Can policyholders adjust their premiums in Variable Life Insurance?

In Variable Life Insurance, policyholders have the flexibility to manage their premiums according to their financial circumstances and needs. This means that they can increase, decrease, or even skip premium payments, within certain limits set by the policy. This level of flexibility is one of the key features of variable life insurance, providing policyholders with the ability to adapt their investment strategy and insurance coverage over time.

This adaptability allows individuals to align their investments with changing life situations, such as fluctuating income or varying financial goals. For instance, during a period of higher income, a policyholder might choose to increase premiums to build more cash value. Conversely, if financial challenges arise, they may opt to decrease or skip premiums, helping to maintain coverage without the immediate burden of set payments.

Overall, this flexibility enhances the appeal of variable life products, offering a balance of insurance protection and investment opportunities that can evolve with the policyholder's life circumstances.