I like to think of this as a “build your own" policy. It is not a "set it and forget it" policy, like Whole or Term policies. There is a good bit of flexibility with these that needs to be considered. How you fund this policy will affect how long the policy lasts and/or the amount of cash value you have in the policy. You can make extra payments or skip payments, depending on your current lifestyle and goals. This policy can be whatever you want it to be. Make sure that you schedule a review every few years to ensure that your policy is preforming as you expect.