Why Is A Flexible Premium Life Insurance Policy Better Than Fixed Premium Permanent Life Insurance? 
I 'm guessing you asked the question the way you did because you heard someone say that flexible premium insurance is better than fixed premium . Here 's an experience a client of mine had with a `` Flexible Premium Life Insurance '' . He was told that it was a permanent life insurance that would build cash value and he could have flexibility in how much premium he would pay . He had the policy for 20 years and it had indeed grown some cash value , but while he never paid less than the original stated premium the cash value had begun declining in recent years and was down to nearly nothing . Had he kept the policy , in order to keep it in force he would have to increase the premium every year from now on . So my answer to your question is : Flexible premium policies are NOT better than fixed premium policies ! -LRB- And `` buy term and invest the rest '' is another piece of advise I strongly disagree with . -RRB- 