What is a common feature of scheduled premium variable life insurance?

Scheduled premium variable life insurance is characterized by fixed amounts that are paid periodically, typically on a monthly or annual basis. This means that the policyholder knows in advance the amount they are required to contribute to the policy at regular intervals. This feature provides a level of predictability and helps the insured manage their finances effectively by allowing them to plan for these fixed payments.

In addition, scheduled premium variable life insurance includes other features, such as the opportunity for the cash value to fluctuate based on the performance of the separate investment accounts chosen by the policyholder. However, the central aspect that distinguishes the scheduled premium feature is the consistency in payment amounts rather than their variability. Thus, the emphasis on fixed periodic payments is essential for understanding how this type of insurance operates.