What feature of Variable Life policies allows policyowners to adjust their payments?

The feature of Variable Life policies that allows policyowners to adjust their payments is rooted in the flexibility of the product design. Variable Life insurance is unique because it enables policyowners to modify their premium payments within certain limits. This means that policyowners can increase or decrease their contributions based on their financial needs and circumstances. This flexibility is crucial as it allows individuals to adapt their life insurance to their current financial situation while still taking advantage of investment options that could potentially increase their policy's cash value.

This adaptability contrasts with more rigid policies where premium payments are fixed, meaning policyowners are unable to make changes. Hence, the ability to tailor premium payments according to personal preferences is a fundamental characteristic of Variable Life policies, distinguishing them from other types of life insurance that do not offer such flexibility.