What is the main feature of variable universal life insurance?

Variable universal life insurance is characterized by the flexibility it offers in both premium payments and death benefits. This type of policy allows policyholders to adjust their premium payments and the amount of death benefit within certain limits. This flexibility is particularly appealing to individuals who are looking for a life insurance product that can adapt to their changing financial needs over time.

In addition to the adjustable premiums and death benefits, variable universal life insurance also offers investment options where the cash value can be allocated among various investment vehicles, such as stocks and bonds, which can lead to fluctuating returns. However, the essential and distinguishing feature is the ability for policyholders to modify their premium payments and the amount of coverage based on their current financial situations, making it a highly customizable option for life insurance.