Can VUL policyholders change their premium payments?

VUL policyholders can indeed change their premium payments flexibly, which is a key feature of Variable Universal Life Insurance. This type of policy allows the policyholder to adjust both the amount and frequency of premium payments according to their financial situation and coverage needs. This flexibility can be particularly beneficial for individuals who anticipate changes in their income or family obligations, allowing them to adapt their insurance to fit their current circumstances.

The ability to vary premiums is part of what distinguishes VUL policies from more traditional life insurance products, which typically have fixed premium structures. Additionally, this flexibility often enables policyholders to increase or decrease their coverage as needed, which can be important for effective long-term financial planning.