What Is Flexible Premium Universal Life Insurance? 
All Universal Life Insurance is flexible premium universal life insurance . That is one of the features of universal life , that you can adjust the premium up or down at will . You must be careful when you adjust the premium , though , because that will affect the policy in other ways . E.g. . If you increase the premium , your policy may last longer or have more cash value . If you decrease the premium , the opposite can occur . By having the flexibility to change the premium , you can possibly have a policy that you can adjust and use for your entire life . 