How Does Variable Life Insurance Work? 
Great question ! The type of policy you are asking about is called a universal life policy . The difference in this kind of policy lies in the flexibility of your payments , and in its performance . Unlike a term or whole life policy that will have regular , preset premium payment amounts , the universal life policy gives -LRB- within limits -RRB- you the ability to pay a little more , or a little less on your payments . The way your premium is invested gives you some flexibility also , unlike a more mainstream policy . If you would like more details , please contact me , I 'm happy to help . Thanks for asking ! 