A characteristic of universal life insurance policy and a variable universal life insurance policy in which the premium is estimated but not guaranteed. As long as the policy minimum premium is paid, the policy may remain in force. If however, only the minimum premium is paid, there is a strong likelihood that premiums will have to be increased in the future to maintain enough cash to cover the increased insurance costs. It is the policy owner's responsibility to manage policy payments to ensure the sufficiency of the policy.

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