How can policyholders change their premium payment frequency in a VUL policy?

Policyholders can change their premium payment frequency in a Variable Universal Life (VUL) policy by contacting the insurance company and following their procedures for adjustments. This process typically involves reaching out to customer service or the policyholder's agent, who will provide the necessary steps to alter the payment structure.

Changing the payment frequency usually requires the insurance company to make adjustments in their records to accommodate the new schedule. Each company may have specific protocols, which is why direct communication is essential. Policyholders might need to verify their identity and provide information regarding their current payment preferences and desired changes.

The other methods listed may not directly facilitate the change in premium payment frequency. For instance, filling out a new policy application is generally not necessary or applicable for modifying existing policy terms. Submitting a request form online could be an option, but it is contingent upon the insurance company's offerings and procedures. Finally, while consulting with a financial advisor can provide valuable insights into the implications of changing payment frequency, it is not a requirement for making the actual change through the insurance company.