What is typically true of the premium payment structure in a Straight Life policy?

In a Straight Life policy, the premium payment structure is characterized by level premiums throughout the duration of the policy. This means that the insured pays the same amount of premium for the entire period the policy is in force, ensuring predictability in budgeting for insurance costs.

This stability in premium payments can be particularly appealing to policyholders as it allows them to plan their financial obligations without worrying about fluctuations. It's designed to provide lifelong coverage as long as premiums are paid, which is a key feature of this type of life insurance.

Other premium structures, such as those in term policies or limited pay policies, involve different arrangements that can include increasing premiums, lower initial costs that might not be as sustainable over time, or premiums being paid for only a certain number of years rather than the life of the policyholder.