What characteristic is associated with flexible premium variable life insurance?

Flexible premium variable life insurance allows the policyholder to have varying premium payments. This flexibility means that the premium, as well as the payment dates, are not fixed and can be adjusted based on the policyholder's financial situation. In this type of insurance, the cash value of the policy can fluctuate depending on the performance of the investment options chosen by the policyholder, which can lead to significant changes in the overall coverage and potential cash value accumulation.

The uncertainty related to both the amount of premium payments and the timing makes this insurance product especially appealing to individuals who desire more control over their financial commitments and want the potential for growth based on investment performance. This characteristic of flexibility differentiates it from traditional life insurance policies, which typically have fixed premium requirements.