Variable Life insurance has what kind of premium structure?

Variable Life insurance features a flexible premium structure, allowing policyholders to adjust their premium payments within certain limits. This flexibility provides individuals the opportunity to dictate how much they want to pay and when, which can be beneficial as their financial circumstances change over time.

While some life insurance products may have level fixed premiums, meaning the same amount is paid at regular intervals throughout the policy's lifetime, that is not the case with Variable Life insurance. The dynamic nature of the investments tied to the policy allows for various premium amount options, within specified minimums and maximums, making it a distinct choice for those looking for customization in their policy structure.

In contrast, decreasing premiums are typically not a feature of Variable Life insurance; instead, they may be found in term life policies where the death benefit decreases over time. Annual renewable premiums are used primarily in term insurance policies that need to be renewed annually, which is again different from the characteristics of Variable Life insurance.