Key details about permanent life insurance
With whole life, the premium is usually level and set at issue; with universal life and IUL, premiums often have more flexibility, allowing you to adjust payments within certain limits — but the internal cost of insurance generally rises with age, so underfunding can require higher payments later or cause the policy to lapse.
Want an answer specific to your situation? A licensed agent can walk through your options by phone.
Call (844) 658-4509Because permanent policies involve more moving parts than term insurance, it's especially useful to review an actual policy illustration with an agent to understand how your specific premium is structured over time.