Can premiums for Variable Life Insurance change over time?

Premiums for Variable Life Insurance can indeed change over time; they are flexible and can be adjusted based on the policyholder's choices and the performance of the underlying investment options. This flexibility allows policyholders to adapt their payments and investments according to their financial circumstances and objectives.

In Variable Life Insurance, the insured has the ability to vary the amount and frequency of premium payments within certain limits. This is one of the key features that distinguishes it from other types of life insurance that typically require fixed premiums. Additionally, the cash value component of a Variable Life policy is tied to market performance, which can impact how much premium a policyholder may choose to pay in order to maintain their desired level of coverage and growth in cash value.

The other options misrepresent the nature of Variable Life Insurance. Fixed premiums are characteristic of different life insurance types, and changing premiums only upon request or at specific intervals does not align with the inherent flexibility that this product offers.