Which statements about Regular Premium Variable Life Policies are TRUE?

In Regular Premium Variable Life Policies, one of the key features is the ability for policyholders to make additional contributions, often referred to as "top-ups." This flexibility allows them to increase their invested amount beyond the scheduled regular premiums, enabling them to enhance their insurance coverage or investment potential. Top-ups are typically permitted, providing an opportunity for the policyholder to respond to changing financial circumstances, investment goals, or the desire to increase the death benefit or cash value of the policy.

The other options highlight characteristics that do not align with the versatility commonly found in regular premium variable life policies. For instance, the absence of premium holidays, the inflexibility in adjusting the level of cover, and fixed withdrawal benefits are not aligned with the adaptable nature of variable life policies, where policyholders often have the capability to make changes based on their preferences and financial strategies.