How often are premiums typically paid in a universal life insurance policy?

In a universal life insurance policy, the premium payments are generally flexible, allowing the policyholder to pay at their discretion. This means that individuals can choose to make premium payments monthly, quarterly, semi-annually, or annually, depending on their financial situation and preferences. This flexibility is one of the main features of universal life insurance, as it enables policyholders to adjust their payment schedule according to their cash flow while maintaining the policy's coverage.

Many traditional insurance policies require fixed premium payments on a set schedule, but universal life policies adapt to the policyholder's needs. The ability to increase or decrease premium payments also allows for adjustments in the death benefit and cash value components of the policy, making this option particularly attractive for those looking for more control over their insurance finances.